Park Avenue Securities LLC Sells 1,347 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Park Avenue Securities LLC lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,848 shares of the Wireless communications provider’s stock after selling 1,347 shares during the quarter. Park Avenue Securities LLC’s holdings in T-Mobile US were worth $5,334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank lifted its holdings in shares of T-Mobile US by 1.6% during the third quarter. Czech National Bank now owns 99,828 shares of the Wireless communications provider’s stock valued at $20,601,000 after acquiring an additional 1,572 shares during the period. Central Pacific Bank Trust Division increased its position in shares of T-Mobile US by 24.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 12,115 shares of the Wireless communications provider’s stock worth $2,500,000 after purchasing an additional 2,405 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in T-Mobile US during the 3rd quarter valued at about $218,000. Neville Rodie & Shaw Inc. lifted its holdings in T-Mobile US by 30.3% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 36,790 shares of the Wireless communications provider’s stock valued at $7,592,000 after purchasing an additional 8,565 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in T-Mobile US in the second quarter valued at about $12,095,000. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TMUS shares. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 target price for the company. Oppenheimer lifted their price objective on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Tigress Financial increased their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Scotiabank raised their target price on T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada upped their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Nineteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $216.36.

T-Mobile US Trading Up 0.1 %

Shares of T-Mobile US stock traded up $0.25 on Friday, hitting $208.28. 2,654,939 shares of the company’s stock traded hands, compared to its average volume of 4,566,402. The firm’s 50-day moving average price is $197.46 and its two-hundred day moving average price is $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. The stock has a market capitalization of $244.07 billion, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $136.84 and a one year high of $209.26.

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

T-Mobile US Increases Dividend

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

Insider Buying and Selling at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction 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 transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $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 is available through this hyperlink. In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jon Freier sold 10,000 shares of T-Mobile US 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 transaction, the insider now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders 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 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.