T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Ameliora Wealth Management Ltd.

Ameliora Wealth Management Ltd. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,000 shares of the Wireless communications provider’s stock after selling 400 shares during the period. T-Mobile US comprises approximately 5.2% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 5th biggest position. Ameliora Wealth Management Ltd.’s holdings in T-Mobile US were worth $12,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TMUS. WASHINGTON TRUST Co boosted its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Westside Investment Management Inc. increased its position in T-Mobile US by 75.8% during the first 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US during the second quarter worth about $30,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several analyst reports. Tigress Financial lifted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Benchmark increased their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. Oppenheimer increased their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Nineteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $216.36.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $1.59 on Friday, reaching $213.04. 1,778,597 shares of the stock were exchanged, compared to its average volume of 4,514,390. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $249.65 billion, a PE ratio of 28.99, a PEG ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a 1-year low of $136.85 and a 1-year high of $215.18. The business has a fifty day moving average price of $200.37 and a two-hundred day moving average price of $181.21.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the prior year, the business posted $1.86 EPS. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the business’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 transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 306,492 shares of company stock worth $60,161,906 over the last 90 days. Company insiders own 0.67% of the company’s stock.

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.