7,439 T-Mobile US, Inc. $TMUS Shares Sold by Shelton Wealth Management LLC

Shelton Wealth Management LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 85.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,234 shares of the Wireless communications provider’s stock after selling 7,439 shares during the period. Shelton Wealth Management LLC’s holdings in T-Mobile US were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Main Street Group LTD acquired a new stake in shares of T-Mobile US during the 1st quarter valued at approximately $25,000. Paladin Partners LLC bought a new stake in T-Mobile US during the second quarter valued at $25,000. Sachetta LLC raised its holdings in shares of T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock worth $33,000 after purchasing an additional 55 shares during the period. Dunhill Financial LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $27,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of T-Mobile US by 112.2% during the first quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock worth $34,000 after purchasing an additional 92 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock traded up $2.07 during mid-day trading on Friday, reaching $159.10. The company had a trading volume of 5,906,048 shares, compared to its average volume of 6,380,317. T-Mobile US, Inc. has a one year low of $147.90 and a one year high of $230.54. The stock has a market capitalization of $170.66 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.98 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The stock’s 50-day simple moving average is $172.91 and its two-hundred day simple moving average is $182.42.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.84 earnings per share. Research analysts anticipate that T-Mobile US, Inc. will post 11.17 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.9%. T-Mobile US’s payout ratio is 42.72%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TMUS. Royal Bank Of Canada reduced their price target on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, July 20th. TD Cowen lowered their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. UBS Group dropped their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. cut their target price on shares of T-Mobile US from $275.00 to $260.00 and set an “overweight” rating on the stock in a report on Monday, September 21st. Finally, Moffett Nathanson lifted their target price on T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.65.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.