Mizuho Securities USA LLC Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Mizuho Securities USA LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.1% in the third quarter, HoldingsChannel reports. The firm owned 31,777 shares of the Wireless communications provider’s stock after selling 7,980 shares during the quarter. Mizuho Securities USA LLC’s holdings in T-Mobile US were worth $6,558,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. DT Investment Partners LLC increased its holdings in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. MFA Wealth Advisors LLC raised its position in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, Summit Securities Group LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TMUS shares. Oppenheimer increased their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Benchmark boosted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

Insiders Place Their Bets

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 343,456 shares of company stock valued at $73,405,131 in the last ninety days. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $236.56 on Friday. The business’s 50-day moving average is $218.87 and its two-hundred day moving average is $194.40. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $274.52 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.19 and a beta of 0.50. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

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.