T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Trimmed by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,242 shares of the Wireless communications provider’s stock after selling 4,287 shares during the period. D.A. Davidson & CO.’s holdings in T-Mobile US were worth $7,479,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new stake in T-Mobile US in the 1st quarter valued at approximately $5,380,000. LRI Investments LLC bought a new stake in shares of T-Mobile US during the first quarter valued at about $105,000. Sanibel Captiva Trust Company Inc. lifted its holdings in T-Mobile US by 46.1% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 20,336 shares of the Wireless communications provider’s stock worth $3,319,000 after purchasing an additional 6,419 shares during the period. Swedbank AB bought a new position in T-Mobile US in the 1st quarter valued at about $38,784,000. Finally, Community Trust & Investment Co. increased its stake in T-Mobile US by 258.0% during the 1st quarter. Community Trust & Investment Co. now owns 68,658 shares of the Wireless communications provider’s stock valued at $11,206,000 after buying an additional 49,479 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,750 shares of company stock worth $72,863,634 in the last three months. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TMUS shares. Citigroup increased their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. TD Cowen upped their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley lifted their target price on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Price Performance

Shares of TMUS opened at $246.20 on Thursday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $285.71 billion, a price-to-earnings ratio of 28.07, a P/E/G ratio of 1.23 and a beta of 0.50. The business’s 50-day moving average is $222.09 and its 200-day moving average is $196.83. T-Mobile US, Inc. has a fifty-two week low of $147.96 and a fifty-two week high of $248.15.

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

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

About T-Mobile US

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.