T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,842 shares of the Wireless communications provider’s stock after selling 2,240 shares during the quarter. Hartford Investment Management Co.’s holdings in T-Mobile US were worth $6,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Global Assets Advisory LLC acquired a new stake in shares of T-Mobile US in the 1st quarter valued at about $4,992,000. Sound Income Strategies LLC raised its stake in T-Mobile US by 539.0% during the first quarter. Sound Income Strategies LLC now owns 1,016 shares of the Wireless communications provider’s stock valued at $166,000 after buying an additional 857 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in T-Mobile US by 84.5% during the 1st quarter. GoalVest Advisory LLC now owns 950 shares of the Wireless communications provider’s stock worth $155,000 after buying an additional 435 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of T-Mobile US by 23.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock worth $449,000 after acquiring an additional 529 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in shares of T-Mobile US by 40.6% during the 1st quarter. Procyon Advisors LLC now owns 15,689 shares of the Wireless communications provider’s stock valued at $2,561,000 after acquiring an additional 4,531 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.1 %

NASDAQ TMUS traded up $0.18 on Wednesday, reaching $219.19. The stock had a trading volume of 477,580 shares, compared to its average volume of 4,467,188. The company has a market capitalization of $256.86 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 1 year low of $137.69 and a 1 year high of $223.91. The business has a 50 day moving average price of $204.26 and a 200 day moving average price of $184.18.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the company posted $1.86 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts forecast that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 47.89%.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Benchmark boosted their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Royal Bank of Canada increased their price target on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $219.94.

Insider Activity

In related news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is owned by insiders.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.