Circle Wealth Management LLC Has $1.50 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Circle Wealth Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,259 shares of the Wireless communications provider’s stock after selling 449 shares during the quarter. Circle Wealth Management LLC’s holdings in T-Mobile US were worth $1,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. DT Investment Partners LLC raised its holdings in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the 2nd quarter worth approximately $27,000. Finally, MFA Wealth Advisors LLC increased its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Activity

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,750 shares of company stock valued at $72,863,634 over the last quarter. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of recent research reports. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup lifted their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. KeyCorp upped their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Oppenheimer raised their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $246.94 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $223.98 and a two-hundred day simple moving average of $197.76. T-Mobile US, Inc. has a 1-year low of $148.19 and a 1-year high of $248.15. The firm has a market cap of $286.57 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. T-Mobile US’s payout ratio is 40.14%.

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.