Thompson Davis & CO. Inc. Sells 1,058 Shares of T-Mobile US, Inc. $TMUS

Thompson Davis & CO. Inc. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 46.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,222 shares of the Wireless communications provider’s stock after selling 1,058 shares during the quarter. Thompson Davis & CO. Inc.’s holdings in T-Mobile US were worth $291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Journey Strategic Wealth LLC grew its holdings in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after acquiring an additional 41 shares in the last quarter. Weaver Capital Management LLC boosted its position in shares of T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after acquiring an additional 42 shares during the last quarter. Haven Private LLC grew its holdings in shares of T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares in the last quarter. Finally, Bank of Stockton increased its position in T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen lowered their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Benchmark increased their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Hsbc Global Res upgraded T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Wolfe Research decreased their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Finally, DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $266.83.

T-Mobile US Price Performance

Shares of TMUS stock opened at $212.61 on Thursday. T-Mobile US, Inc. has a twelve month low of $199.41 and a twelve month high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a fifty day simple moving average of $227.89 and a two-hundred day simple moving average of $236.18. The stock has a market capitalization of $237.81 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm earned $2.61 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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 paid a dividend of $1.02 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $243.47, for a total value of $17,003,944.80. Following the completion of the sale, the director directly owned 635,084,444 shares in the company, valued at approximately $154,624,009,580.68. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders sold 1,973,541 shares of company stock worth $471,574,286. Corporate insiders own 0.37% of the company’s stock.

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.