GPS Wealth Strategies Group LLC Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

GPS Wealth Strategies Group LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,975 shares of the Wireless communications provider’s stock after selling 151 shares during the period. GPS Wealth Strategies Group LLC’s holdings in T-Mobile US were worth $2,462,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares during the period. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth $3,338,708,000. Wellington Management Group LLP grew its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP grew its position in shares of T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after buying an additional 23,800 shares during the period. Finally, Putnam Investments LLC lifted its position in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of T-Mobile US stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the sale, the director now owns 673,251,489 shares in the company, valued at $116,236,869,575.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,086,875 shares of company stock worth $534,498,332. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $1.16 on Wednesday, hitting $196.49. 3,243,590 shares of the company’s stock were exchanged, compared to its average volume of 4,744,883. The company has a 50-day simple moving average of $180.75 and a 200-day simple moving average of $169.48. The stock has a market capitalization of $230.26 billion, a PE ratio of 26.58, a PEG ratio of 0.76 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $197.03. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share 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 business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.05 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TMUS shares. Royal Bank of Canada upped their price target on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 price objective on the stock. Bank of America upped their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $198.63.

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.