Summit Trail Advisors LLC Has $737,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Summit Trail Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 37.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,570 shares of the Wireless communications provider’s stock after selling 2,159 shares during the period. Summit Trail Advisors LLC’s holdings in T-Mobile US were worth $737,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in T-Mobile US in the third quarter valued at about $53,844,000. International Assets Investment Management LLC boosted its stake in shares of T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares in the last quarter. Swedbank AB bought a new stake in shares of T-Mobile US during the first quarter worth about $38,784,000. Finally, Distillate Capital Partners LLC acquired a new position in shares of T-Mobile US in the second quarter valued at approximately $41,860,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, 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 transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,750 shares of company stock valued at $72,863,634. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. KeyCorp lifted their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Finally, TD Cowen raised their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Stock Up 0.7 %

T-Mobile US stock opened at $239.94 on Tuesday. The company has a market capitalization of $278.45 billion, a PE ratio of 27.36, a PEG ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $147.96 and a 12-month high of $242.43. The firm’s fifty day moving average is $220.26 and its 200 day moving average is $195.92. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. T-Mobile US’s dividend payout ratio (DPR) is presently 29.65%.

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.