Brighton Jones LLC Sells 4,788 Shares of T-Mobile US, Inc. $TMUS

Brighton Jones LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,121 shares of the Wireless communications provider’s stock after selling 4,788 shares during the quarter. T-Mobile US makes up about 0.9% of Brighton Jones LLC’s portfolio, making the stock its 20th biggest holding. Brighton Jones LLC’s holdings in T-Mobile US were worth $35,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TMUS. T. Rowe Price Investment Management Inc. grew its holdings in T-Mobile US by 13.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,688 shares of the Wireless communications provider’s stock worth $984,000 after purchasing an additional 432 shares during the period. CW Advisors LLC raised its stake in T-Mobile US by 31.9% in the first quarter. CW Advisors LLC now owns 11,947 shares of the Wireless communications provider’s stock valued at $3,170,000 after buying an additional 2,892 shares during the period. Kestra Advisory Services LLC lifted its position in shares of T-Mobile US by 9.0% in the first quarter. Kestra Advisory Services LLC now owns 34,315 shares of the Wireless communications provider’s stock valued at $9,152,000 after buying an additional 2,846 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of T-Mobile US by 5.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 231,633 shares of the Wireless communications provider’s stock worth $61,779,000 after acquiring an additional 12,535 shares during the period. Finally, ICONIQ Capital LLC bought a new position in shares of T-Mobile US during the 1st quarter worth approximately $215,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark raised their price target on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of T-Mobile US in a report on Monday, December 15th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. Finally, Tigress Financial boosted their price objective on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $260.17.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $196.73 on Monday. T-Mobile US, Inc. has a 52 week low of $194.01 and a 52 week high of $276.49. 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 firm’s 50-day simple moving average is $210.87 and its 200 day simple moving average is $228.99. The firm has a market cap of $220.04 billion, a price-to-earnings ratio of 18.92, a P/E/G ratio of 1.26 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.61 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the business’s stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $238.98, for a total value of $15,396,525.48. Following the completion of the transaction, the director owned 634,241,492 shares of the company’s stock, valued at $151,571,031,758.16. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,043,868 shares of company stock valued at $238,762,618 in the last quarter. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.