T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Accurate Wealth Management LLC

Accurate Wealth Management LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,384 shares of the Wireless communications provider’s stock after selling 563 shares during the period. T-Mobile US comprises about 0.8% of Accurate Wealth Management LLC’s holdings, making the stock its 27th biggest position. Accurate Wealth Management LLC’s holdings in T-Mobile US were worth $3,773,000 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 TMUS. GSA Capital Partners LLP purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $1,908,000. CFO4Life Group LLC purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $932,000. NewEdge Advisors LLC increased its stake in shares of T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after purchasing an additional 25,217 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in T-Mobile US by 26.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after acquiring an additional 4,253 shares during the period. Finally, Findlay Park Partners LLP grew its stake in T-Mobile US by 6.0% in the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock worth $307,279,000 after acquiring an additional 107,100 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock valued at $69,411,130 over the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $223.21 on Friday. The stock has a market cap of $261.57 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $136.85 and a 1 year high of $223.45. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock has a fifty day moving average price of $203.23 and a 200 day moving average price of $183.05.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.86 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 47.89%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Citigroup lifted their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. KeyCorp lifted their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $217.50.

T-Mobile US Company Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.