T-Mobile US, Inc. $TMUS Position Cut by Trek Financial LLC

Trek Financial LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 65.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,347 shares of the Wireless communications provider's stock after selling 12,215 shares during the period. Trek Financial LLC's holdings in T-Mobile US were worth $1,512,000 at the end of the most recent quarter.

• These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter

A number of other institutional investors also recently made changes to their positions in the stock. Advyzon Investment Management LLC bought a new position in T-Mobile US during the 1st quarter valued at $270,000. Cary Street Partners Financial LLC lifted its holdings in shares of T-Mobile US by 247.0% in the first quarter. Cary Street Partners Financial LLC now owns 5,392 shares of the Wireless communications provider's stock valued at $1,438,000 after buying an additional 3,838 shares during the period. Associated Banc Corp bought a new position in T-Mobile US during the first quarter valued at about $4,588,000. Wealthspire Advisors LLC grew its holdings in T-Mobile US by 66.9% during the first quarter. Wealthspire Advisors LLC now owns 21,388 shares of the Wireless communications provider's stock worth $5,704,000 after acquiring an additional 8,575 shares during the period. Finally, MGB Wealth Management LLC raised its position in T-Mobile US by 7.0% in the first quarter. MGB Wealth Management LLC now owns 3,351 shares of the Wireless communications provider's stock worth $893,000 after acquiring an additional 220 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

T-Mobile US stock opened at $208.51 on Thursday. The business has a 50 day simple moving average of $218.48 and a 200 day simple moving average of $232.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market capitalization of $233.22 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.32 and a beta of 0.44. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49.

• T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the prior year, the company posted $2.61 earnings per share. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 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 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is presently 39.23%.

Wall Street Analyst Weigh In

• Q3 Telecom Wars: How AT&T, TMUS and VZ Stack Up After the Results

A number of analysts recently commented on the stock. Tigress Financial boosted their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a "buy" rating in a report on Tuesday, November 11th. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a report on Tuesday, October 28th. HSBC raised T-Mobile US from a "hold" rating to a "buy" rating and set a $285.00 target price for the company in a research report on Friday, October 24th. Scotiabank raised their price target on T-Mobile US from $271.50 to $278.00 and gave the stock a "sector outperform" rating in a research note on Monday, October 6th. Finally, Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $266.83.

Check Out Our Latest Research Report on TMUS

Insider Activity

In other news, insider Michael J. Katz sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company's stock, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 1,374 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares of the company's stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,439,821 shares of company stock valued at $334,026,480 over the last three months. 0.37% of the stock is owned by corporate insiders.

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.

Featured Stories

• Five stocks we like better than T-Mobile US
• How to Invest in Tech Stocks and Top Tech Stocks to Consider
• Battle of the Big-Upside Tech Names: HUBS vs. NBIS vs. TEAM
• CD Calculator: Certificate of Deposit Calculator
• MongoDB Just Posted a Blowout Quarter—But Is It Too Hot to Touch?
• Biggest Stock Losers - Today’s Biggest Percentage Decliners
• 3 Stocks Poised to Benefit From Google’s AI Breakthough

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in T-Mobile US Right Now?

Before you consider T-Mobile US, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and T-Mobile US wasn't on the list.

While T-Mobile US currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here