T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,152 shares of the Wireless communications provider’s stock after selling 2,912 shares during the period. Private Advisor Group LLC’s holdings in T-Mobile US were worth $2,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. purchased a new position in T-Mobile US during the 2nd quarter worth approximately $1,952,000. Aspire Private Capital LLC purchased a new position in T-Mobile US during the 1st quarter worth approximately $20,422,440,000. Raleigh Capital Management Inc. grew its position in T-Mobile US by 84.8% during the 1st quarter. Raleigh Capital Management Inc. now owns 170 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Acadian Asset Management LLC purchased a new position in T-Mobile US during the 2nd quarter worth approximately $25,000. Finally, PSI Advisors LLC purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $28,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

T-Mobile US stock opened at $148.50 on Tuesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.86 and a quick ratio of 0.78. The company has a market capitalization of $171.74 billion, a PE ratio of 23.06 and a beta of 0.53. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $153.36. The business has a 50 day simple moving average of $142.37 and a 200 day simple moving average of $138.98.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 25th. The Wireless communications provider reported $1.82 EPS for the quarter, topping the consensus estimate of $1.75 by $0.07. T-Mobile US had a return on equity of 11.65% and a net margin of 9.93%. The business had revenue of $19.25 billion during the quarter, compared to the consensus estimate of $19.35 billion. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 7.13 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, November 30th.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 500 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $147.50, for a total transaction of $73,750.00. Following the transaction, the director now directly owns 4,564 shares in the company, valued at approximately $673,190. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $147.29, for a total value of $2,945,800.00. Following the transaction, the chief executive officer now owns 586,339 shares of the company’s stock, valued at $86,361,871.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 500 shares of T-Mobile US stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $147.50, for a total transaction of $73,750.00. Following the completion of the transaction, the director now directly owns 4,564 shares in the company, valued at approximately $673,190. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,953 shares of company stock worth $9,886,781. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on T-Mobile US from $191.00 to $194.00 in a research report on Monday, October 16th. StockNews.com assumed coverage on T-Mobile US in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. TD Cowen upped their target price on T-Mobile US from $197.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on T-Mobile US from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, September 22nd. Finally, Raymond James increased their price objective on T-Mobile US from $173.00 to $180.00 and gave the company a “strong-buy” rating in a report on Thursday, October 26th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $181.06.

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; leasing through JUMP! On Demand; and High Speed Internet services.