Conning Inc. Sells 135 Shares of T-Mobile US, Inc. $TMUS

Conning Inc. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,411 shares of the Wireless communications provider’s stock after selling 135 shares during the period. Conning Inc.’s holdings in T-Mobile US were worth $574,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Louisbourg Investments Inc. lifted its position in shares of T-Mobile US by 12.5% in the second quarter. Louisbourg Investments Inc. now owns 27,319 shares of the Wireless communications provider’s stock worth $6,509,000 after buying an additional 3,025 shares during the last quarter. Trust Co. of Toledo NA OH increased its holdings in shares of T-Mobile US by 26.5% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 1,607 shares of the Wireless communications provider’s stock valued at $383,000 after acquiring an additional 337 shares during the last quarter. Aberdeen Group plc raised its stake in shares of T-Mobile US by 2.9% in the 2nd quarter. Aberdeen Group plc now owns 353,758 shares of the Wireless communications provider’s stock valued at $84,286,000 after acquiring an additional 9,928 shares in the last quarter. Brucke Financial Inc. lifted its holdings in T-Mobile US by 17.9% in the 2nd quarter. Brucke Financial Inc. now owns 2,961 shares of the Wireless communications provider’s stock worth $705,000 after purchasing an additional 449 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its holdings in T-Mobile US by 14.2% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 1,888 shares of the Wireless communications provider’s stock worth $450,000 after purchasing an additional 235 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the transaction, the director owned 628,039,751 shares in the company, valued at approximately $142,043,750,483.67. This represents a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 2,499,001 shares of company stock valued at $602,845,239. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.1%

NASDAQ TMUS opened at $228.79 on Friday. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The stock has a market cap of $257.48 billion, a PE ratio of 21.58, a PEG ratio of 1.56 and a beta of 0.59. The firm has a 50-day simple moving average of $243.36 and a 200 day simple moving average of $242.89. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research 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 paid a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 33.21%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TMUS shares. Wolfe Research dropped their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft raised their target price on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Scotiabank lifted their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a report on Monday, October 6th. Moffett Nathanson upped their price target on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Finally, Benchmark raised their price target on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.13.

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.