Sequoia Financial Advisors LLC Has $2.94 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Sequoia Financial Advisors LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,255 shares of the Wireless communications provider’s stock after purchasing an additional 2,127 shares during the period. Sequoia Financial Advisors LLC’s holdings in T-Mobile US were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Clearbridge Investments LLC grew its position in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after buying an additional 578,348 shares during the period. Legal & General Group Plc increased its stake in shares of T-Mobile US by 6.8% in 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 during the last quarter. Blackstone Inc. acquired a new stake in shares of T-Mobile US in the 1st quarter valued at approximately $48,966,000. Finally, ProShare Advisors LLC boosted its stake in T-Mobile US by 26.8% during the 1st quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock worth $201,392,000 after acquiring an additional 260,795 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 349,261 shares of company stock worth $69,411,130. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.9 %

T-Mobile US stock opened at $220.95 on Thursday. T-Mobile US, Inc. has a fifty-two week low of $137.69 and a fifty-two week high of $223.91. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market capitalization of $258.92 billion, a PE ratio of 30.06, a P/E/G ratio of 1.12 and a beta of 0.51. The company’s 50-day moving average is $204.75 and its 200-day moving average is $184.44.

T-Mobile US (NASDAQ:TMUS) last released 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. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.86 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TMUS shares. Scotiabank downgraded shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and upped their target price for the company from $215.50 to $236.00 in a research note on Friday, October 18th. Raymond James cut T-Mobile US from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. Royal Bank of Canada upped their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Barclays boosted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. One analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $219.94.

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.