Valley Wealth Managers Inc. Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Valley Wealth Managers Inc. decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,342 shares of the Wireless communications provider’s stock after selling 2,410 shares during the quarter. T-Mobile US accounts for about 1.6% of Valley Wealth Managers Inc.’s investment portfolio, making the stock its 18th largest position. Valley Wealth Managers Inc.’s holdings in T-Mobile US were worth $21,532,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. DT Investment Partners LLC increased its position in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. MFA Wealth Advisors LLC boosted its stake in shares of 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 boosted its stake in shares of T-Mobile US by 143.1% during the second 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 period. Y.D. More Investments Ltd purchased a new stake in T-Mobile US in the second quarter worth about $27,000. Finally, Summit Securities Group LLC purchased a new stake in T-Mobile US in the second quarter worth about $27,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ:TMUS traded down $0.23 during midday trading on Friday, reaching $237.52. 300,972 shares of the company’s stock were exchanged, compared to its average volume of 4,424,056. The firm’s 50 day simple moving average is $215.03 and its two-hundred day simple moving average is $191.94. 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 stock has a market cap of $275.64 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 1.23 and a beta of 0.50. T-Mobile US, Inc. has a fifty-two week low of $147.07 and a fifty-two week high of $242.43.

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 (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s payout ratio is presently 29.65%.

Wall Street Analysts Forecast Growth

Several analysts have commented on TMUS shares. KeyCorp increased their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. UBS Group upped their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays increased their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Buying and Selling

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 111,882 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $197.84, for a total value of $22,134,734.88. Following the completion of the transaction, the director now directly owns 1,828,910 shares in the company, valued at approximately $361,831,554.40. The trade was a 5.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock worth $97,427,925 over the last 90 days. 0.67% of the stock is owned by insiders.

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.