Brighton Jones LLC Sells 4,544 Shares of T-Mobile US, Inc. $TMUS

Brighton Jones LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,674 shares of the Wireless communications provider’s stock after selling 4,544 shares during the quarter. Brighton Jones LLC’s holdings in T-Mobile US were worth $22,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in T-Mobile US during the 2nd quarter worth $6,625,275,000. Bank of New York Mellon Corp purchased a new stake in T-Mobile US in the second quarter valued at $839,194,000. Amundi lifted its position in T-Mobile US by 40.6% in the first quarter. Amundi now owns 3,679,795 shares of the Wireless communications provider’s stock valued at $772,867,000 after acquiring an additional 1,062,643 shares during the last quarter. Bank of America Corp DE purchased a new stake in T-Mobile US in the second quarter valued at $758,977,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in T-Mobile US by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock valued at $683,731,000 after acquiring an additional 43,783 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.9%

Shares of NASDAQ:TMUS opened at $162.01 on Friday. The stock has a market cap of $171.61 billion, a P/E ratio of 15.64, a P/E/G ratio of 0.94 and a beta of 0.40. The firm has a fifty day moving average price of $164.96 and a 200 day moving average price of $186.19. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1-year low of $143.75 and a 1-year high of $224.75.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same period in the previous year, the business posted $2.41 earnings per share. T-Mobile US’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that T-Mobile US, Inc. will post 11.44 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $1.17 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s dividend payout ratio (DPR) is 45.17%.

Insider Activity

In related news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Key Stories Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

Analyst Ratings Changes

TMUS has been the topic of several research reports. Barclays dropped their price objective on T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Monday, September 28th. Weiss Ratings reissued a “hold (c)” rating on shares of T-Mobile US in a research report on Friday, September 11th. UBS Group decreased their target price on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price target on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $238.25.

About T-Mobile US

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.