Aviso Financial Inc. Cuts Stake in T-Mobile US, Inc. $TMUS

Aviso Financial Inc. lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,081 shares of the Wireless communications provider’s stock after selling 250 shares during the period. Aviso Financial Inc.’s holdings in T-Mobile US were worth $1,449,000 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. Steward Partners Investment Advisory LLC lifted its position in T-Mobile US by 0.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 83,071 shares of the Wireless communications provider’s stock valued at $19,793,000 after purchasing an additional 399 shares during the period. CreativeOne Wealth LLC increased its position in T-Mobile US by 17.1% during the 2nd quarter. CreativeOne Wealth LLC now owns 4,700 shares of the Wireless communications provider’s stock worth $1,120,000 after purchasing an additional 686 shares during the period. Summit Global Investments raised its stake in shares of T-Mobile US by 329.2% during the 2nd quarter. Summit Global Investments now owns 29,904 shares of the Wireless communications provider’s stock worth $7,125,000 after buying an additional 22,937 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $2,353,000. Finally, Prudential Financial Inc. lifted its holdings in shares of T-Mobile US by 8.0% in the 2nd quarter. Prudential Financial Inc. now owns 747,421 shares of the Wireless communications provider’s stock valued at $178,081,000 after buying an additional 55,245 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 0.2%

T-Mobile US stock opened at $206.90 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The firm has a market capitalization of $231.42 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The stock’s fifty day moving average is $222.16 and its two-hundred day moving average is $233.90. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.61 EPS. Analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared 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. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 39.23%.

Insider Buying and Selling at T-Mobile US

In related 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 value of $539,775.00. Following the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction 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 sale, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,649,341 shares of company stock worth $387,147,483 over the last ninety days. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Oppenheimer cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Morgan Stanley reduced their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Finally, Williams Trading set a $263.00 price objective on shares of T-Mobile US in a report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $266.83.

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.