Simon Quick Advisors LLC Sells 3,921 Shares of T-Mobile US, Inc. $TMUS

Simon Quick Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 77.6% in the third quarter, Holdings Channel reports. The fund owned 1,132 shares of the Wireless communications provider’s stock after selling 3,921 shares during the quarter. Simon Quick Advisors LLC’s holdings in T-Mobile US were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares in the last quarter. State Street Corp increased its position in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares during the period. Franklin Resources Inc. raised its position in shares of T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after acquiring an additional 309,922 shares in the last quarter. Norges Bank bought a new stake in T-Mobile US in the second quarter worth approximately $1,477,780,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of T-Mobile US by 4.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after acquiring an additional 169,562 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.7%

Shares of TMUS stock opened at $199.58 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company has a market capitalization of $223.23 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.17 and a beta of 0.45. T-Mobile US, Inc. has a 52-week low of $194.01 and a 52-week high of $276.49. The company has a 50-day simple moving average of $205.73 and a two-hundred day simple moving average of $226.72.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the transaction, the director owned 582,220,759 shares in the company, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 657,323 shares of company stock valued at $147,921,356. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Cowen reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Argus decreased their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Citigroup lowered their target price on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price target on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Finally, Rothschild Redb raised T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.17.

T-Mobile US Profile

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.