L & S Advisors Inc Sells 2,036 Shares of T-Mobile US, Inc. $TMUS

L & S Advisors Inc reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,128 shares of the Wireless communications provider’s stock after selling 2,036 shares during the quarter. L & S Advisors Inc’s holdings in T-Mobile US were worth $1,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Burling Wealth Partners LLC raised its position in shares of T-Mobile US by 24.9% in the second quarter. Burling Wealth Partners LLC now owns 19,385 shares of the Wireless communications provider’s stock valued at $4,619,000 after purchasing an additional 3,866 shares during the period. W.H. Cornerstone Investments Inc. grew its stake in T-Mobile US by 7.1% in the 2nd quarter. W.H. Cornerstone Investments Inc. now owns 3,902 shares of the Wireless communications provider’s stock valued at $930,000 after buying an additional 260 shares during the last quarter. ABN Amro Investment Solutions acquired a new position in T-Mobile US in the 2nd quarter valued at $6,848,000. Police & Firemen s Retirement System of New Jersey raised its holdings in T-Mobile US by 0.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 68,969 shares of the Wireless communications provider’s stock worth $16,433,000 after acquiring an additional 407 shares during the period. Finally, Bailard Inc. lifted its position in T-Mobile US by 6.2% during the 2nd quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider’s stock worth $573,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a report on Friday, October 24th. Wolfe Research decreased their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. Scotiabank raised their target price on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Finally, TD Cowen cut their price target on T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the completion of the transaction, the director directly owned 635,014,604 shares of the company’s stock, valued at approximately $152,454,306,128.32. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 1,971,041 shares of company stock valued at $470,946,486. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 0.7%

T-Mobile US stock opened at $216.08 on Friday. The business has a 50 day moving average price of $226.40 and a two-hundred day moving average price of $235.89. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49. The stock has a market cap of $241.69 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s payout ratio is presently 39.23%.

T-Mobile US Company 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.