T-Mobile US, Inc. $TMUS Shares Sold by 17 Capital Partners LLC

17 Capital Partners LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,659 shares of the Wireless communications provider’s stock after selling 500 shares during the quarter. 17 Capital Partners LLC’s holdings in T-Mobile US were worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP raised its stake in T-Mobile US by 14.2% in the 2nd quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after acquiring an additional 810 shares during the last quarter. NorthCrest Asset Manangement LLC acquired a new position in shares of T-Mobile US in the second quarter valued at about $284,000. Crestwood Advisors Group LLC increased its holdings in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after purchasing an additional 724 shares during the period. Berkshire Bank raised its stake in shares of T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of T-Mobile US by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock worth $255,187,000 after purchasing an additional 8,227 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,858,861 shares of company stock valued at $440,048,489 in the last three months. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Tigress Financial increased their price target 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. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. Wolfe Research lowered their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. Finally, Zacks Research lowered T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $211.27 on Thursday. The company has a market capitalization of $236.31 billion, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company’s fifty day moving average price is $224.69 and its 200 day moving average price is $235.13. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm posted $2.61 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 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 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio is 39.23%.

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.