RFG Advisory LLC Sells 254 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

RFG Advisory LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,318 shares of the Wireless communications provider’s stock after selling 254 shares during the period. RFG Advisory LLC’s holdings in T-Mobile US were worth $1,031,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Rathbones Group PLC bought a new position in T-Mobile US in the 3rd quarter valued at $212,000. Acadian Asset Management LLC raised its stake in T-Mobile US by 376.8% during the 3rd quarter. Acadian Asset Management LLC now owns 882 shares of the Wireless communications provider’s stock worth $122,000 after buying an additional 697 shares during the period. Dark Forest Capital Management LP acquired a new stake in T-Mobile US during the 3rd quarter worth $560,000. LPL Financial LLC raised its stake in T-Mobile US by 16.7% during the 3rd quarter. LPL Financial LLC now owns 162,865 shares of the Wireless communications provider’s stock worth $22,809,000 after buying an additional 23,334 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its stake in T-Mobile US by 3.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,797 shares of the Wireless communications provider’s stock worth $392,000 after buying an additional 100 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $161.87, for a total transaction of $30,701,882.90. Following the sale, the director now owns 681,995,476 shares of the company’s stock, valued at $110,394,607,700.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $161.87, for a total transaction of $30,701,882.90. Following the completion of the transaction, the director now owns 681,995,476 shares of the company’s stock, valued at approximately $110,394,607,700.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $163.20, for a total value of $3,264,000.00. Following the transaction, the chief executive officer now directly owns 458,124 shares of the company’s stock, valued at approximately $74,765,836.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,624,666 shares of company stock worth $1,100,149,801. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $176.73 on Friday. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market capitalization of $207.10 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 0.69 and a beta of 0.50. The business has a 50-day moving average of $168.19 and a 200-day moving average of $163.82.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.47%. T-Mobile US’s dividend payout ratio is presently 35.37%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp raised their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Citigroup increased their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Bank of America increased their target price on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, May 29th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and a consensus target price of $190.36.

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.