J.W. Cole Advisors Inc. Sells 2,933 Shares of T-Mobile US, Inc. $TMUS

J.W. Cole Advisors Inc. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 35.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,450 shares of the Wireless communications provider’s stock after selling 2,933 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in T-Mobile US were worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Haven Private LLC grew its stake in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after acquiring an additional 42 shares during the period. Cetera Trust Company N.A raised its stake in T-Mobile US by 0.4% in the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 45 shares during the period. L2 Asset Management LLC lifted its holdings in T-Mobile US by 2.2% during the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 45 shares during the last quarter. City Holding Co. lifted its holdings in T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. Finally, PAX Financial Group LLC boosted its position in T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,457 shares of company stock worth $11,149,636 in the last ninety days. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Down 2.2%

TMUS opened at $197.35 on Monday. The firm has a market capitalization of $220.74 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $276.49. The company has a fifty day moving average price of $196.90 and a 200-day moving average price of $219.84. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TMUS shares. Tigress Financial boosted their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Sanford C. Bernstein reduced their price objective on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. The Goldman Sachs Group dropped their target price on T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Finally, BNP Paribas Exane dropped their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $256.78.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.