Stifel Financial Corp Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Stifel Financial Corp reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 364,056 shares of the Wireless communications provider’s stock after selling 2,100 shares during the period. Stifel Financial Corp’s holdings in T-Mobile US were worth $75,132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. DT Investment Partners LLC grew its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. MFA Wealth Advisors LLC grew its stake 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 acquiring an additional 77 shares during the last quarter. WASHINGTON TRUST Co grew its stake 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 acquiring an additional 83 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in T-Mobile US during the 2nd quarter valued at about $27,000. Finally, Summit Securities Group LLC acquired a new position in T-Mobile US during the second quarter worth about $27,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares of the company’s stock, valued at $989,166. This represents a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 342,750 shares of company stock worth $73,356,824. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TMUS. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. UBS Group raised their price target on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. KeyCorp increased their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $244.33.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ TMUS opened at $243.78 on Friday. The stock has a market capitalization of $282.90 billion, a PE ratio of 27.80, a P/E/G ratio of 1.24 and a beta of 0.53. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average of $227.30 and a 200-day moving average of $200.01. T-Mobile US, Inc. has a 52-week low of $153.84 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for 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 revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.82 earnings per share. On average, analysts anticipate 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. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

About T-Mobile US

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.