Reaves W H & Co. Inc. Sells 2,545 Shares of T-Mobile US, Inc. $TMUS

Reaves W H & Co. Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,752 shares of the Wireless communications provider’s stock after selling 2,545 shares during the quarter. Reaves W H & Co. Inc.’s holdings in T-Mobile US were worth $36,326,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of TMUS. Vanguard Group Inc. boosted its position in T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after acquiring an additional 215,711 shares during the last quarter. State Street Corp lifted its stake in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after purchasing an additional 994,740 shares during the period. Franklin Resources Inc. lifted its stake in shares of T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after purchasing an additional 309,922 shares during the period. Norges Bank bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $1,477,780,000. Finally, Charles Schwab Investment Management Inc. grew its stake in T-Mobile US by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock worth $793,848,000 after purchasing an additional 36,424 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TMUS shares. Citigroup cut their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, February 3rd. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, December 10th. Barclays restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, January 13th. Finally, BNP Paribas Exane dropped their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.78.

T-Mobile US Trading Up 0.1%

NASDAQ:TMUS opened at $197.66 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $276.49. The company has a market cap of $221.08 billion, a PE ratio of 19.01, a PEG ratio of 1.09 and a beta of 0.44. The firm has a 50-day moving average of $196.72 and a 200-day moving average of $219.48.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares in the company, valued at $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the transaction, the director owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 51,457 shares of company stock valued at $11,149,636. 0.37% of the stock is owned by insiders.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.