Evergreen Capital Management LLC Sells 912 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Evergreen Capital Management LLC lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 21.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,344 shares of the Wireless communications provider’s stock after selling 912 shares during the period. Evergreen Capital Management LLC’s holdings in T-Mobile US were worth $589,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TMUS. Compton Wealth Advisory Group LLC increased its holdings in T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after buying an additional 56 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of T-Mobile US by 0.7% during the 2nd quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after acquiring an additional 56 shares during the last quarter. Anfield Capital Management LLC grew its stake in shares of T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock worth $64,000 after acquiring an additional 57 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 58 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its position in T-Mobile US by 2.3% during the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock valued at $464,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Bank of America boosted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 target price on the stock. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Scotiabank increased their price objective on shares of T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research note on Thursday, September 19th. Finally, KeyCorp boosted their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Eighteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and an average target price of $211.92.

Insiders Place Their Bets

In other news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $176.82, for a total transaction of $23,598,574.02. Following the sale, the director now owns 670,278,284 shares of the company’s stock, valued at $118,518,606,176.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. The disclosure for this sale can be found here. Insiders have sold a total of 439,953 shares of company stock worth $83,677,350 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $203.31 on Thursday. The stock has a 50-day moving average price of $193.08 and a 200 day moving average price of $177.13. The stock has a market capitalization of $237.22 billion, a P/E ratio of 27.66, a P/E/G ratio of 1.07 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $206.30. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the firm posted $1.86 EPS. The company’s revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 35.37%.

About T-Mobile US

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.