Brookwood Investment Group LLC Trims Stock Position in T-Mobile US, Inc. $TMUS

Brookwood Investment Group LLC cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 58.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,034 shares of the Wireless communications provider’s stock after selling 4,286 shares during the period. Brookwood Investment Group LLC’s holdings in T-Mobile US were worth $723,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Missouri Trust & Investment Co raised its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $29,000. TCTC Holdings LLC raised its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of T-Mobile US during the 1st quarter worth approximately $47,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday. Moffett Nathanson increased their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Finally, Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.22.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $220.68 on Tuesday. The business has a 50 day moving average price of $238.61 and a 200 day moving average price of $240.28. The company has a market capitalization of $248.36 billion, a P/E ratio of 21.22, a PEG ratio of 1.48 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.61 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. T-Mobile US’s payout ratio is currently 39.23%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 856 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $220.03, for a total transaction of $188,345.68. Following the sale, the director owned 582,185,182 shares in the company, valued at approximately $128,098,205,595.46. This represents a 0.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders sold 2,343,114 shares of company stock worth $564,035,506. 0.37% of the stock is currently 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.