United Asset Strategies Inc. Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

United Asset Strategies Inc. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,486 shares of the Wireless communications provider’s stock after selling 9,441 shares during the period. United Asset Strategies Inc.’s holdings in T-Mobile US were worth $6,780,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. WASHINGTON TRUST Co lifted its position in shares of 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. Private Wealth Management Group LLC bought a new stake in T-Mobile US during the 4th quarter valued at approximately $27,000. Summit Securities Group LLC bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $27,000. Westside Investment Management Inc. raised its stake in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in T-Mobile US during the 2nd quarter valued at approximately $30,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TMUS shares. Barclays lifted their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Citigroup boosted their target price on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, July 19th. TD Cowen upped their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average target price of $198.63.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 227,604 shares of T-Mobile US stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $180.00, for a total value of $40,968,720.00. Following the completion of the transaction, the director now directly owns 672,341,073 shares in the company, valued at $121,021,393,140. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 227,604 shares of T-Mobile US stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $180.00, for a total transaction of $40,968,720.00. Following the transaction, the director now directly owns 672,341,073 shares in the company, valued at approximately $121,021,393,140. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The disclosure for this sale can be found here. Insiders sold a total of 1,806,458 shares of company stock worth $324,393,935 in the last ninety days. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.7 %

NASDAQ:TMUS opened at $198.72 on Monday. The firm has a market cap of $231.86 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The stock has a fifty day moving average price of $186.09 and a 200 day moving average price of $172.82. T-Mobile US, Inc. has a 12-month low of $132.40 and a 12-month high of $205.28. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is currently 35.37%.

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.