Sterling Investment Counsel LLC Sells 190 Shares of T-Mobile US, Inc. $TMUS

Sterling Investment Counsel LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,282 shares of the Wireless communications provider’s stock after selling 190 shares during the quarter. Sterling Investment Counsel LLC’s holdings in T-Mobile US were worth $305,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NorthCrest Asset Manangement LLC bought a new stake in T-Mobile US in the 2nd quarter valued at approximately $284,000. Crestwood Advisors Group LLC lifted its stake in T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after acquiring an additional 724 shares in the last quarter. Berkshire Bank lifted its stake in T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after acquiring an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares in the last quarter. Finally, Fox Hill Wealth Management bought a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $2,603,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.3%

TMUS stock opened at $230.14 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $259.00 billion, a PE ratio of 21.71, a PEG ratio of 1.28 and a beta of 0.59. T-Mobile US, Inc. has a 1-year low of $206.18 and a 1-year high of $276.49. The business’s 50 day simple moving average is $244.83 and its 200 day simple moving average is $244.31.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.49 EPS. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 33.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMUS shares. Royal Bank Of Canada upped their price objective on 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. Deutsche Bank Aktiengesellschaft upped their price objective on T-Mobile US from $280.00 to $300.00 in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley upped their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.50.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 2,584,633 shares of company stock worth $623,559,263. 0.37% of the stock is currently owned by insiders.

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.