Connable Office Inc. Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

Connable Office Inc. lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,263 shares of the Wireless communications provider’s stock after selling 2,141 shares during the quarter. Connable Office Inc.’s holdings in T-Mobile US were worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Activest Wealth Management increased its position in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 94 shares during the period. Missouri Trust & Investment Co grew its stake in shares of T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the first quarter worth $29,000. TCTC Holdings LLC grew its stake in shares of T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of T-Mobile US during the first quarter worth $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 2,252,901 shares of company stock worth $540,251,450 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Benchmark boosted their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Williams Trading set a $263.00 target price on shares of T-Mobile US in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $203.32 on Tuesday. 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, Inc. has a 1 year low of $202.73 and a 1 year high of $276.49. The company has a market capitalization of $227.41 billion, a PE ratio of 19.55, a P/E/G ratio of 1.51 and a beta of 0.59. The company has a fifty day moving average of $234.21 and a two-hundred day moving average of $238.40.

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

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s payout ratio 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.