TrinityPoint Wealth LLC Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

TrinityPoint Wealth LLC cut its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,487 shares of the Wireless communications provider’s stock after selling 382 shares during the period. TrinityPoint Wealth LLC’s holdings in T-Mobile US were worth $4,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Legal & General Group Plc raised its position in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Blackstone Inc. acquired a new stake in shares of T-Mobile US during the 1st quarter worth approximately $48,966,000. International Assets Investment Management LLC increased its holdings in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares in the last quarter. Swedbank AB acquired a new position in shares of T-Mobile US in the 1st quarter valued at $38,784,000. Finally, Distillate Capital Partners LLC purchased a new stake in T-Mobile US during the second quarter worth $41,860,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $235.61 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock’s fifty day moving average is $215.88 and its two-hundred day moving average is $192.83. The firm has a market capitalization of $273.42 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a fifty-two week low of $147.07 and a fifty-two week high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $197.84, for a total value of $22,134,734.88. Following the transaction, the director now owns 1,828,910 shares of the company’s stock, valued at $361,831,554.40. This represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 464,924 shares of company stock worth $97,427,925. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TMUS shares. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. KeyCorp increased their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

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.