Creative Financial Designs Inc. ADV Trims Stake in T-Mobile US, Inc. $TMUS

Creative Financial Designs Inc. ADV lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 806 shares of the Wireless communications provider’s stock after selling 278 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in T-Mobile US were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TMUS. Nuveen LLC purchased a new position in T-Mobile US in the 1st quarter worth about $618,248,000. Assenagon Asset Management S.A. increased its stake 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 worth $329,733,000 after buying an additional 1,160,275 shares during the period. Canada Pension Plan Investment Board increased its stake in T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after buying an additional 864,030 shares during the period. Goldman Sachs Group Inc. increased its stake in T-Mobile US by 25.4% in 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 buying an additional 844,932 shares during the period. Finally, Amundi increased its stake in 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 buying an additional 813,331 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the sale, the director directly owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This trade represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 2,252,901 shares of company stock valued at $540,251,450. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Wolfe Research reduced 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 note on Tuesday, September 30th. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. BNP Paribas Exane raised their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Scotiabank raised their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Trading Down 0.3%

NASDAQ TMUS opened at $210.05 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The company has a market capitalization of $234.94 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 1.51 and a beta of 0.59. The company’s 50-day simple moving average is $235.18 and its two-hundred day simple moving average is $238.82. T-Mobile US, Inc. has a one year low of $207.64 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.61 EPS. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

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.