DAVENPORT & Co LLC Sells 16,115 Shares of T-Mobile US, Inc. $TMUS

DAVENPORT & Co LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 32.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,897 shares of the Wireless communications provider’s stock after selling 16,115 shares during the quarter. DAVENPORT & Co LLC’s holdings in T-Mobile US were worth $8,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Weaver Capital Management LLC raised its position in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares in the last quarter. Haven Private LLC lifted its position in T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares during the last quarter. Bank of Stockton raised its holdings in T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after buying an additional 44 shares during the last quarter. Richardson Financial Services Inc. boosted its holdings in shares of T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after purchasing an additional 45 shares during the period. Finally, Cetera Trust Company N.A lifted its holdings in T-Mobile US by 0.4% in the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider directly owned 156,203 shares in the company, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Srini Gopalan acquired 9,800 shares of the firm’s stock in a transaction on Thursday, November 6th. The shares were bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders sold 915,016 shares of company stock worth $208,006,290. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. Benchmark raised their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Rothschild Redb upgraded T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. HSBC raised shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target on the stock in a report on Friday, October 24th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, December 10th. Finally, TD Cowen cut their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.17.

T-Mobile US Trading Up 0.6%

Shares of TMUS opened at $198.81 on Friday. 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 firm has a market cap of $222.37 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 1.28 and a beta of 0.44. The company has a 50 day simple moving average of $208.54 and a two-hundred day simple moving average of $227.90. T-Mobile US, Inc. has a 1 year low of $194.01 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the company earned $2.61 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is currently 39.23%.

T-Mobile US 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.