Captrust Financial Advisors Sells 3,828 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Captrust Financial Advisors decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.5% in the third quarter, Holdings Channel.com reports. The firm owned 55,415 shares of the Wireless communications provider’s stock after selling 3,828 shares during the period. Captrust Financial Advisors’ holdings in T-Mobile US were worth $11,436,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TMUS shares. Citigroup upped their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. KeyCorp lifted their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Morgan Stanley upped their price target on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Bank of America lifted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In related news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 in the last three months. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

NASDAQ TMUS opened at $246.94 on Monday. The business’s fifty day moving average is $223.98 and its 200 day moving average is $198.25. T-Mobile US, Inc. has a fifty-two week low of $148.19 and a fifty-two week high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market capitalization of $286.57 billion, a PE 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 data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. Sell-side analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company 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. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

T-Mobile US 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.