Ascent Group LLC Has $7.51 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Ascent Group LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,380 shares of the Wireless communications provider’s stock after selling 7,169 shares during the period. Ascent Group LLC’s holdings in T-Mobile US were worth $7,507,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TMUS. WASHINGTON TRUST Co grew its holdings in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the last quarter. DT Investment Partners LLC grew its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US in the 2nd quarter valued at approximately $27,000. Finally, MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Scotiabank raised their price objective on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Oppenheimer raised their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $241.83.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The trade was a 7.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 340,750 shares of company stock worth $72,863,634. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.3 %

Shares of T-Mobile US stock opened at $246.94 on Monday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12 month low of $148.19 and a 12 month high of $248.15. The business has a fifty day simple moving average of $223.98 and a 200 day simple moving average of $198.25. The stock has a market cap of $286.57 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data 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. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. Research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s dividend payout ratio is presently 40.14%.

T-Mobile US 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.