Advisors Capital Management LLC Sells 11,685 Shares of T-Mobile US, Inc. $TMUS

Advisors Capital Management LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,984 shares of the Wireless communications provider’s stock after selling 11,685 shares during the period. Advisors Capital Management LLC’s holdings in T-Mobile US were worth $30,970,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TMUS. Wellington Management Group LLP grew its stake in shares of T-Mobile US by 1.7% in the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after purchasing an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. grew its position in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after buying an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock worth $1,080,388,000 after buying an additional 169,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of T-Mobile US by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $214.57 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The stock has a market cap of $240.00 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.51 and a beta of 0.57. The business’s 50 day moving average price is $227.14 and its 200-day moving average price is $236.03. T-Mobile US, Inc. has a 52 week low of $199.41 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company earned $2.61 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio is 39.23%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TMUS. BNP Paribas Exane boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Hsbc Global Res raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Finally, Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $250.00 to $260.00 in a research report on Thursday, October 16th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.83.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total value of $16,767,187.20. Following the transaction, the director owned 635,014,604 shares in the company, valued at $152,454,306,128.32. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 1,971,041 shares of company stock valued at $470,946,486. 0.37% 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.