T-Mobile US, Inc. $TMUS Stock: TD Waterhouse Canada Inc. Lowers Holdings

TD Waterhouse Canada Inc. trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 49.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,138 shares of the Wireless communications provider’s stock after selling 27,450 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in T-Mobile US were worth $4,552,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pension & Wealth Management Advisors Inc. purchased a new stake in T-Mobile US during the 3rd quarter worth approximately $188,000. Michael J. Porro & Co. Financial Advisors Inc. raised its position in shares of T-Mobile US by 51.5% in the 3rd quarter. Michael J. Porro & Co. Financial Advisors Inc. now owns 3,576 shares of the Wireless communications provider’s stock valued at $583,000 after purchasing an additional 1,215 shares in the last quarter. Ellsworth Advisors LLC raised its position in shares of T-Mobile US by 132.5% in the 3rd quarter. Ellsworth Advisors LLC now owns 4,016 shares of the Wireless communications provider’s stock valued at $655,000 after purchasing an additional 2,289 shares in the last quarter. Legacy Wealth Partners LLC purchased a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $298,000. Finally, V Square Quantitative Management LLC boosted its stake in shares of T-Mobile US by 26.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,571 shares of the Wireless communications provider’s stock valued at $419,000 after buying an additional 544 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. Raymond James Financial raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $170.00 price target for the company in a research report on Monday, October 12th. UBS Group cut their price target on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Wells Fargo & Company cut their price target on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a report on Friday, July 24th. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday, July 20th. Finally, Morgan Stanley decreased their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $244.65.

Insider Activity

In other news, CAO Daniel James Drobac sold 772 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the transaction, the chief accounting officer directly owned 35,118 shares in the company, valued at approximately $6,262,592.94. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $156.09 on Tuesday. T-Mobile US, Inc. has a 52 week low of $147.90 and a 52 week high of $230.54. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The firm has a market cap of $167.43 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.99 and a beta of 0.33. The stock has a 50 day moving average of $172.47 and a 200-day moving average of $181.81.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the company posted $2.84 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. As a group, analysts forecast that T-Mobile US, Inc. will post 11.17 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. This represents a $4.68 dividend on an annualized basis and a dividend yield of 3.0%. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is currently 42.72%.

T-Mobile US Profile

T-Mobile US, Inc (NASDAQ: TMUS) is a wireless communications company that provides mobile voice, messaging and data services to consumers, businesses and government customers in the United States, Puerto Rico and the U.S. Virgin Islands. Its offerings include postpaid and prepaid wireless plans, connected devices, broadband internet and other communications services.

The company operates a nationwide wireless network, including 5G services, and sells smartphones, tablets, connected devices and related accessories through retail stores, online channels and third-party distributors.