T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,425 shares of the Wireless communications provider’s stock after selling 1,228 shares during the period. Sequoia Financial Advisors LLC’s holdings in T-Mobile US were worth $3,581,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. NewEdge Wealth LLC boosted its holdings in T-Mobile US by 41.2% in the 4th quarter. NewEdge Wealth LLC now owns 5,651 shares of the Wireless communications provider’s stock worth $1,247,000 after buying an additional 1,648 shares during the last quarter. Heritage Investors Management Corp acquired a new stake in T-Mobile US in the 4th quarter worth about $207,000. New York Life Investment Management LLC boosted its holdings in T-Mobile US by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 65,587 shares of the Wireless communications provider’s stock worth $14,477,000 after buying an additional 165 shares during the last quarter. Kovack Advisors Inc. boosted its holdings in T-Mobile US by 22.4% in the 4th quarter. Kovack Advisors Inc. now owns 1,223 shares of the Wireless communications provider’s stock worth $270,000 after buying an additional 224 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. boosted its holdings in T-Mobile US by 53.3% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,614 shares of the Wireless communications provider’s stock worth $356,000 after buying an additional 561 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $235.25 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average price of $240.00 and a 200 day moving average price of $242.80. The company has a market cap of $267.11 billion, a P/E ratio of 22.95, a PEG ratio of 1.27 and a beta of 0.64. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. T-Mobile US’s payout ratio is currently 34.34%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $221.67, for a total value of $15,481,432.80. Following the completion of the transaction, the director now owns 648,429,084 shares in the company, valued at $143,737,275,050.28. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders sold 419,040 shares of company stock worth $94,880,434. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Benchmark reissued a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Tigress Financial lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, April 29th. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.68.

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.