Ethic Inc. Sells 7,015 Shares of T-Mobile US, Inc. $TMUS

Ethic Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,143 shares of the Wireless communications provider’s stock after selling 7,015 shares during the period. Ethic Inc.’s holdings in T-Mobile US were worth $20,142,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Weaver Capital Management LLC lifted its holdings in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after acquiring an additional 42 shares during the period. Haven Private LLC increased its position in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares during the last quarter. Bank of Stockton increased its position in shares of T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of T-Mobile US by 0.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock worth $1,183,000 after purchasing an additional 45 shares during the period. Finally, Cetera Trust Company N.A boosted its holdings in shares of T-Mobile US by 0.4% in the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, CEO Srini Gopalan acquired 9,800 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the purchase, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 850,601 shares of company stock valued at $192,668,435 in the last ninety days. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TMUS shares. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a report on Friday, October 24th. TD Cowen lowered their target price on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Tigress Financial boosted their price objective on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, Citigroup reduced their target price on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $260.17.

T-Mobile US Trading Up 1.0%

Shares of T-Mobile US stock opened at $201.00 on Monday. The company’s 50-day moving average price is $207.97 and its 200-day moving average price is $227.55. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month high of $276.49. The company has a market cap of $224.82 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.31 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.61 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio is presently 39.23%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.