SG Americas Securities LLC Trims Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

SG Americas Securities LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 81.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,972 shares of the Wireless communications provider’s stock after selling 608,021 shares during the period. SG Americas Securities LLC’s holdings in T-Mobile US were worth $21,867,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at $27,000. Valley National Advisers Inc. raised its holdings in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the period. Bay Harbor Wealth Management LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its stake in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMUS has been the topic of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. KeyCorp raised their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. TD Cowen reduced their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Bank of America raised their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. Finally, Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $190.79.

T-Mobile US Stock Performance

T-Mobile US stock traded up $0.73 during trading hours on Friday, hitting $179.54. 3,044,094 shares of the stock traded hands, compared to its average volume of 4,362,775. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $182.67. The stock has a market capitalization of $210.39 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 0.70 and a beta of 0.51. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The firm’s 50 day moving average price is $172.87 and its 200-day moving average price is $166.04.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.02 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, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.45%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,703 shares of T-Mobile US stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total transaction of $27,309,065.94. Following the completion of the transaction, the director now owns 679,434,731 shares in the company, valued at approximately $108,695,968,265.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, May 13th. The shares were sold at an average price of $163.20, for a total value of $3,264,000.00. Following the completion of the transaction, the chief executive officer now owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 170,703 shares of the stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $159.98, for a total transaction of $27,309,065.94. Following the sale, the director now directly owns 679,434,731 shares in the company, valued at $108,695,968,265.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,678,884 shares of company stock valued at $955,868,736. 0.67% of the stock is owned by insiders.

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.