T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Portfolio Design Labs LLC

Portfolio Design Labs LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.5% in the third quarter, Holdings Channel reports. The fund owned 25,028 shares of the Wireless communications provider’s stock after selling 8,582 shares during the period. T-Mobile US accounts for about 1.4% of Portfolio Design Labs LLC’s portfolio, making the stock its 13th largest holding. Portfolio Design Labs LLC’s holdings in T-Mobile US were worth $5,165,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. raised its stake in shares of T-Mobile US by 208.8% in the 1st quarter. Bessemer Group Inc. now owns 37,122 shares of the Wireless communications provider’s stock valued at $6,059,000 after acquiring an additional 25,099 shares during the period. Crewe Advisors LLC purchased a new position in T-Mobile US during the 1st quarter valued at about $117,000. Shell Asset Management Co. grew its position in T-Mobile US by 52.9% in the 1st quarter. Shell Asset Management Co. now owns 11,442 shares of the Wireless communications provider’s stock valued at $1,868,000 after acquiring an additional 3,961 shares in the last quarter. EntryPoint Capital LLC increased its stake in T-Mobile US by 80.7% during the first quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 113 shares during the period. Finally, CreativeOne Wealth LLC acquired a new stake in shares of T-Mobile US during the first quarter worth about $267,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction on Friday, October 25th. The stock was 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 owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This trade represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 111,882 shares of T-Mobile US stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the sale, the director now owns 1,828,910 shares of the company’s stock, valued at approximately $361,831,554.40. This trade represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 455,338 shares of company stock worth $95,539,866 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Tigress Financial boosted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Oppenheimer increased their price objective on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Citigroup increased their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Price Performance

Shares of TMUS opened at $233.20 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average is $217.45 and its two-hundred day moving average is $193.82. T-Mobile US, Inc. has a twelve month low of $147.24 and a twelve month high of $242.43. The firm has a market capitalization of $270.63 billion, a PE ratio of 26.59, a P/E/G ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.82 earnings per share. Research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current 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 paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio is 29.65%.

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.