Carnegie Investment Counsel Sells 3,347 Shares of T-Mobile US, Inc. $TMUS

Carnegie Investment Counsel trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,723 shares of the Wireless communications provider’s stock after selling 3,347 shares during the quarter. Carnegie Investment Counsel’s holdings in T-Mobile US were worth $17,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Truvestments Capital LLC bought a new stake in T-Mobile US during the first quarter valued at about $112,000. State of Wyoming lifted its position in shares of T-Mobile US by 36.5% during the 1st quarter. State of Wyoming now owns 807 shares of the Wireless communications provider’s stock worth $215,000 after purchasing an additional 216 shares during the last quarter. WPG Advisers LLC bought a new stake in T-Mobile US during the 1st quarter valued at approximately $106,000. GKV Capital Management Co. Inc. acquired a new stake in T-Mobile US in the 1st quarter valued at approximately $132,000. Finally, Canada Pension Plan Investment Board grew 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 valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the sale, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the firm’s 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 directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 915,016 shares of company stock valued at $208,006,290. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TMUS shares. Citigroup reduced their price objective on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Cowen restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of T-Mobile US in a research note on Monday. Finally, Morgan Stanley decreased their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $260.17.

T-Mobile US Price Performance

Shares of TMUS stock opened at $201.00 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 stock’s fifty day simple moving average is $207.97 and its 200 day simple moving average is $227.64. T-Mobile US, Inc. has a one year low of $194.01 and a one year high of $276.49. The firm has a market cap of $224.82 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.28 and a beta of 0.44.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. T-Mobile US’s payout ratio is 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.