Geneos Wealth Management Inc. Decreases Holdings in T-Mobile US, Inc. $TMUS

Geneos Wealth Management Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 97.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237 shares of the Wireless communications provider’s stock after selling 8,555 shares during the quarter. Geneos Wealth Management Inc.’s holdings in T-Mobile US were worth $57,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in T-Mobile US by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock worth $10,045,252,000 after acquiring an additional 215,711 shares in the last quarter. State Street Corp raised its stake in shares of 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 valued at $5,513,650,000 after purchasing an additional 994,740 shares during the period. Franklin Resources Inc. lifted its position in shares of T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after purchasing an additional 309,922 shares in the last quarter. Norges Bank acquired a new position in shares of T-Mobile US during the second quarter worth $1,477,780,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of T-Mobile US by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock valued at $793,848,000 after purchasing an additional 36,424 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other news, Director G Michael Sievert sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Srini Gopalan purchased 9,800 shares of the company’s stock in a transaction dated 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 directly owned 90,258 shares in the company, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have sold 399,619 shares of company stock valued at $89,390,980. 0.37% of the stock is currently owned by insiders.

T-Mobile US Price Performance

Shares of TMUS opened at $189.67 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a market cap of $212.15 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.12 and a beta of 0.45. T-Mobile US, Inc. has a 52 week low of $188.12 and a 52 week high of $276.49. The stock has a 50 day moving average of $203.66 and a 200-day moving average of $225.21.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’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 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Monday, December 22nd. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $250.00 to $260.00 in a research note on Thursday, October 16th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Finally, Scotiabank increased their target price on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Three investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $260.17.

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.