ProShare Advisors LLC Has $313.47 Million Stake in T-Mobile US, Inc. $TMUS

ProShare Advisors LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,309,502 shares of the Wireless communications provider’s stock after selling 328,009 shares during the period. T-Mobile US comprises about 0.7% of ProShare Advisors LLC’s portfolio, making the stock its 17th largest holding. ProShare Advisors LLC owned 0.12% of T-Mobile US worth $313,469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in shares of T-Mobile US by 15.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 85,857 shares of the Wireless communications provider’s stock worth $20,552,000 after buying an additional 11,594 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in T-Mobile US by 4.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 21,589 shares of the Wireless communications provider’s stock worth $5,168,000 after acquiring an additional 906 shares in the last quarter. Western Wealth Management LLC boosted its position in T-Mobile US by 11.5% during the third quarter. Western Wealth Management LLC now owns 1,017 shares of the Wireless communications provider’s stock valued at $243,000 after purchasing an additional 105 shares during the last quarter. Legacy Financial Strategies LLC grew its stake in T-Mobile US by 1.0% in the third quarter. Legacy Financial Strategies LLC now owns 5,838 shares of the Wireless communications provider’s stock valued at $1,398,000 after purchasing an additional 55 shares in the last quarter. Finally, Tempus Wealth Planning LLC increased its position in shares of T-Mobile US by 12.2% during the 3rd quarter. Tempus Wealth Planning LLC now owns 3,073 shares of the Wireless communications provider’s stock worth $736,000 after purchasing an additional 335 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 2.2%

Shares of TMUS stock opened at $197.35 on Monday. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49. The company has a market capitalization of $220.74 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44. The firm has a 50 day moving average price of $196.90 and a two-hundred day moving average price of $219.84. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

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

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider owned 156,203 shares in the company, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the sale, the director directly owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,457 shares of company stock valued at $11,149,636 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TMUS. Argus cut their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. TD Cowen reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Daiwa Securities Group lowered their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a research note on Friday, October 24th. Finally, Williams Trading set a $263.00 price target on T-Mobile US in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $256.78.

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.