Cetera Investment Advisers Decreases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cetera Investment Advisers lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,029 shares of the Wireless communications provider’s stock after selling 5,621 shares during the period. Cetera Investment Advisers’ holdings in T-Mobile US were worth $15,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SPC Financial Inc. increased its holdings in shares of T-Mobile US by 108.8% in the second quarter. SPC Financial Inc. now owns 17,604 shares of the Wireless communications provider’s stock valued at $3,101,000 after purchasing an additional 9,171 shares during the last quarter. Granite Bay Wealth Management LLC increased its position in T-Mobile US by 46.8% during the second quarter. Granite Bay Wealth Management LLC now owns 24,368 shares of the Wireless communications provider’s stock worth $4,293,000 after purchasing an additional 7,765 shares during the last quarter. Advisory Alpha LLC increased its position in T-Mobile US by 5.9% during the second quarter. Advisory Alpha LLC now owns 1,419 shares of the Wireless communications provider’s stock worth $250,000 after purchasing an additional 79 shares during the last quarter. Truist Financial Corp raised its stake in T-Mobile US by 28.1% during the second quarter. Truist Financial Corp now owns 484,891 shares of the Wireless communications provider’s stock worth $85,428,000 after purchasing an additional 106,489 shares during the period. Finally, Old North State Trust LLC boosted its holdings in T-Mobile US by 4.6% in the 2nd quarter. Old North State Trust LLC now owns 3,587 shares of the Wireless communications provider’s stock valued at $632,000 after purchasing an additional 158 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their price target for the stock from $208.00 to $221.00 in a report on Wednesday. Scotiabank lifted their target price on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Benchmark raised their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Barclays upped their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Nineteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $216.36.

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,492 shares of company stock valued at $60,161,906. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.1 %

TMUS opened at $208.28 on Friday. The business has a fifty day moving average price of $197.46 and a 200 day moving average price of $179.32. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 12 month low of $136.84 and a 12 month high of $209.26. The stock has a market capitalization of $244.07 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is presently 47.89%.

About T-Mobile US

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.