Charles Schwab Investment Management Inc. Sells 105,842 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Charles Schwab Investment Management Inc. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,145,026 shares of the Wireless communications provider’s stock after selling 105,842 shares during the period. Charles Schwab Investment Management Inc.’s holdings in T-Mobile US were worth $649,008,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. EntryPoint Capital LLC boosted its position in shares of T-Mobile US by 80.7% during the first quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 113 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of T-Mobile US in the 1st quarter worth $267,000. Axxcess Wealth Management LLC raised its holdings in shares of T-Mobile US by 60.4% in the first quarter. Axxcess Wealth Management LLC now owns 5,520 shares of the Wireless communications provider’s stock valued at $901,000 after purchasing an additional 2,078 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of T-Mobile US during the first quarter valued at about $2,742,000. Finally, LRI Investments LLC bought a new position in shares of T-Mobile US during the first quarter valued at about $116,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the sale, the director now directly owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 343,456 shares of company stock valued at $73,405,131 over the last three months. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Oppenheimer upped their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Evercore ISI increased their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group lifted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Up 0.5 %

Shares of NASDAQ:TMUS opened at $236.56 on Friday. The firm has a fifty day moving average price of $218.87 and a two-hundred day moving average price of $194.40. The company has a market cap of $274.52 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.19 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the company earned $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 40.14%.

T-Mobile US 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.