Lmcg Investments LLC Sells 25,708 Shares of T-Mobile US, Inc. $TMUS

Lmcg Investments LLC cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 94.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,468 shares of the Wireless communications provider’s stock after selling 25,708 shares during the period. Lmcg Investments LLC’s holdings in T-Mobile US were worth $239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. BlackRock Inc. bought a new position in T-Mobile US in the second quarter worth $6,625,275,000. Bank of New York Mellon Corp purchased a new position in T-Mobile US during the second quarter valued at $839,194,000. Bank of America Corp DE purchased a new position in T-Mobile US during the second quarter valued at $758,977,000. Legal & General Group Plc bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $583,675,000. Finally, Deutsche Bank AG bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $349,928,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $158.79 on Friday. The stock has a market cap of $170.33 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 0.96 and a beta of 0.33. The firm’s 50-day moving average is $171.10 and its 200 day moving average is $180.85. T-Mobile US, Inc. has a 1 year low of $147.90 and a 1 year high of $225.93. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. The business had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $2.84 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 11.17 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. This represents a $4.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Barclays reduced their target price on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a research report on Monday, September 28th. UBS Group dropped their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company cut their price target on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. Finally, Moffett Nathanson raised their price objective on T-Mobile US from $242.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.65.

Check Out Our Latest Stock Analysis on T-Mobile US

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer directly owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by company insiders.

Key Stories Impacting T-Mobile US

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

T-Mobile US Profile

(Free Report)

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.

Further Reading

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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