Simon Quick Advisors LLC Has $271,000 Stake in T-Mobile US, Inc. $TMUS

Simon Quick Advisors LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 77.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,132 shares of the Wireless communications provider’s stock after selling 3,921 shares during the quarter. Simon Quick Advisors LLC’s holdings in T-Mobile US were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares during the period. State Street Corp increased its position in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares during the last quarter. Franklin Resources Inc. raised its stake in T-Mobile US by 5.2% in the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares during the period. Norges Bank bought a new stake in T-Mobile US in the second quarter valued at approximately $1,477,780,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of T-Mobile US by 4.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.7%

TMUS stock opened at $199.58 on Monday. The business’s fifty day moving average price is $205.73 and its two-hundred day moving average price is $226.72. The stock has a market capitalization of $223.23 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.17 and a beta of 0.45. T-Mobile US, Inc. has a fifty-two week low of $194.01 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

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

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the sale, the director directly owned 582,220,759 shares in the company, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 657,323 shares of company stock valued at $147,921,356. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Argus reduced their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of T-Mobile US in a report on Monday, December 29th. Barclays dropped their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Finally, Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $260.17.

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.