Focus Partners Advisor Solutions LLC Trims Position in T-Mobile US, Inc. $TMUS

Focus Partners Advisor Solutions LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 60.0% in the second quarter, Holdings Channel reports. The institutional investor owned 1,374 shares of the Wireless communications provider’s stock after selling 2,061 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in T-Mobile US were worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management grew its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares in the last quarter. Missouri Trust & Investment Co increased its stake in T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US in the 1st quarter worth about $29,000. TCTC Holdings LLC increased its stake in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in T-Mobile US in the 1st quarter worth about $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. BNP Paribas Exane upped their target price on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research note on Monday, July 7th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.63.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 2,322,741 shares of company stock worth $556,959,972. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 0.3%

Shares of TMUS stock opened at $210.05 on Friday. The stock has a market capitalization of $234.94 billion, a PE ratio of 20.20, a P/E/G ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 1-year low of $207.64 and a 1-year high of $276.49. The business has a 50-day moving average of $235.18 and a 200 day moving average of $239.15. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 EPS. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 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.