Cary Street Partners Investment Advisory LLC Has $533,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cary Street Partners Investment Advisory LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,997 shares of the Wireless communications provider’s stock after selling 130 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in T-Mobile US were worth $533,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Crestwood Advisors Group LLC lifted its stake in T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares during the period. Burling Wealth Partners LLC bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $2,539,000. Advisor Resource Council acquired a new stake in T-Mobile US in the 1st quarter valued at $463,000. Main Street Research LLC grew its position in T-Mobile US by 1.0% in the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider’s stock valued at $47,448,000 after acquiring an additional 1,788 shares during the period. Finally, Sawgrass Asset Management LLC bought a new stake in T-Mobile US in the first quarter valued at $6,543,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of TMUS stock opened at $241.01 on Tuesday. The firm has a market cap of $271.24 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.30 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $185.39 and a 12 month high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $234.85 and a 200 day moving average price of $245.89.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. T-Mobile US’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.49 EPS. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. T-Mobile US’s dividend payout ratio is 33.21%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders sold 1,555,330 shares of company stock valued at $360,568,811. Corporate insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research note on Friday, July 25th. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Finally, Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $256.31.

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.