Northwest & Ethical Investments L.P. Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Northwest & Ethical Investments L.P. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.4% during the third quarter, Holdings Channel.com reports. The firm owned 36,682 shares of the Wireless communications provider’s stock after selling 7,706 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in T-Mobile US were worth $7,570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. WASHINGTON TRUST Co boosted its stake in T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC lifted its stake in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $27,000. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $27,000. Finally, MFA Wealth Advisors LLC raised its holdings 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 worth $28,000 after acquiring an additional 77 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. Morgan Stanley increased their target price on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Scotiabank boosted their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Barclays raised their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, TD Cowen boosted their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

NASDAQ TMUS opened at $246.20 on Friday. The stock has a market cap of $285.71 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.26 and a beta of 0.50. T-Mobile US, Inc. has a 12 month low of $147.96 and a 12 month high of $248.15. The company’s 50 day moving average is $223.03 and its two-hundred day moving average is $197.18. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the firm earned $1.82 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, research 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 disclosed 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Insider Buying and Selling

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,750 shares of company stock worth $72,863,634. 0.67% of the stock is owned by corporate insiders.

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.