Bogart Wealth LLC Has $153,000 Holdings in T-Mobile US, Inc. $TMUS

Bogart Wealth LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 642 shares of the Wireless communications provider’s stock after selling 68 shares during the quarter. Bogart Wealth LLC’s holdings in T-Mobile US were worth $153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Nuveen LLC bought a new position in shares of T-Mobile US in the first quarter valued at approximately $618,248,000. Assenagon Asset Management S.A. raised its position in T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after buying an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in T-Mobile US by 25.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after acquiring an additional 844,932 shares during the last quarter. Finally, Amundi grew its stake in shares of T-Mobile US by 34.4% in the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after acquiring an additional 813,331 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

T-Mobile US stock opened at $230.09 on Tuesday. The business’s 50 day simple moving average is $241.58 and its 200 day simple moving average is $241.22. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The company has a market cap of $258.95 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.57 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company posted $2.49 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $232.63, for a total value of $16,246,879.20. Following the sale, the director owned 646,822,764 shares of the company’s stock, valued at $150,470,379,589.32. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 2,343,079 shares of company stock valued at $566,860,634 in the last three months. 0.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent analyst reports. Wolfe Research dropped their price target on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Moffett Nathanson lifted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group started coverage on T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Benchmark lifted their price target on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Scotiabank upped their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $266.17.

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.