Janney Montgomery Scott LLC Sells 1,415 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Janney Montgomery Scott LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 188,397 shares of the Wireless communications provider’s stock after selling 1,415 shares during the period. Janney Montgomery Scott LLC’s holdings in T-Mobile US were worth $38,878,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the period. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter valued at approximately $27,000. Finally, MFA Wealth Advisors LLC grew its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of TMUS opened at $223.28 on Monday. The firm’s 50-day simple moving average is $208.90 and its two-hundred day simple moving average is $187.85. T-Mobile US, Inc. has a fifty-two week low of $143.90 and a fifty-two week high of $234.56. The stock has a market cap of $259.11 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 EPS. Analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Tigress Financial lifted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Benchmark boosted their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays lifted their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, UBS Group boosted their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Transactions at T-Mobile US

In related news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Peter Osvaldik sold 20,000 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at $14,318,249.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 359,261 shares of company stock worth $72,263,430 over the last three months. 0.67% of the stock is currently owned by company 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.