Raleigh Capital Management Inc. Sells 82 Shares of T-Mobile US, Inc. $TMUS

Raleigh Capital Management Inc. cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,888 shares of the Wireless communications provider’s stock after selling 82 shares during the period. Raleigh Capital Management Inc.’s holdings in T-Mobile US were worth $450,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. HB Wealth Management LLC grew its position in T-Mobile US by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 13,945 shares of the Wireless communications provider’s stock worth $3,323,000 after acquiring an additional 149 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of T-Mobile US by 9.6% during the second quarter. Janney Montgomery Scott LLC now owns 201,451 shares of the Wireless communications provider’s stock valued at $47,998,000 after purchasing an additional 17,659 shares in the last quarter. Archford Capital Strategies LLC bought a new stake in shares of T-Mobile US during the second quarter worth about $2,324,000. Moss Adams Wealth Advisors LLC increased its stake in shares of T-Mobile US by 5.2% in the second quarter. Moss Adams Wealth Advisors LLC now owns 4,603 shares of the Wireless communications provider’s stock valued at $1,097,000 after buying an additional 227 shares during the period. Finally, GC Wealth Management RIA LLC raised its holdings in T-Mobile US by 11.2% in the 2nd quarter. GC Wealth Management RIA LLC now owns 15,005 shares of the Wireless communications provider’s stock valued at $3,575,000 after buying an additional 1,514 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Up 0.6%

Shares of TMUS stock opened at $239.38 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $202.77 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a 50 day simple moving average of $245.19 and a two-hundred day simple moving average of $244.59. The company has a market cap of $269.40 billion, a P/E ratio of 22.58, a PEG ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter last year, the firm posted $2.49 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.7%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 38.49%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 2,520,207 shares of company stock worth $608,126,659 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Royal Bank Of Canada boosted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $260.39.

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.