Stonehage Fleming Financial Services Holdings Ltd Sells 552 Shares of T-Mobile US, Inc. $TMUS

Stonehage Fleming Financial Services Holdings Ltd trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,235 shares of the Wireless communications provider’s stock after selling 552 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in T-Mobile US were worth $771,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management grew its stake in shares of T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the period. Missouri Trust & Investment Co grew its stake in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $29,000. TCTC Holdings LLC grew its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 77 shares during the period. Finally, Tsfg LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $47,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Scotiabank boosted their target price on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Finally, KeyCorp reissued an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $265.13.

T-Mobile US Stock Performance

TMUS stock opened at $228.79 on Friday. The business’s fifty day moving average is $243.36 and its 200-day moving average is $242.89. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company has a market cap of $257.48 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the company earned $2.49 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is currently 33.21%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the sale, the director owned 628,039,751 shares in the company, valued at $142,043,750,483.67. This represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 2,499,001 shares of company stock valued at $602,845,239. 0.37% of the stock is owned by corporate 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.