Avior Wealth Management LLC Sells 1,394 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Avior Wealth Management LLC cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 40.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,020 shares of the Wireless communications provider's stock after selling 1,394 shares during the quarter. Avior Wealth Management LLC's holdings in T-Mobile US were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in T-Mobile US during the 1st quarter valued at $355,000. ORG Wealth Partners LLC bought a new position in shares of T-Mobile US in the first quarter valued at about $93,000. Sterling Investment Counsel LLC lifted its stake in shares of T-Mobile US by 14.8% during the 1st quarter. Sterling Investment Counsel LLC now owns 1,472 shares of the Wireless communications provider's stock worth $393,000 after buying an additional 190 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in T-Mobile US by 12.5% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,896 shares of the Wireless communications provider's stock valued at $506,000 after buying an additional 211 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in T-Mobile US by 1.1% in the 1st quarter. State of Alaska Department of Revenue now owns 56,196 shares of the Wireless communications provider's stock valued at $14,988,000 after acquiring an additional 625 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TMUS has been the subject of several research reports. Royal Bank Of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Finally, Benchmark reaffirmed a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $257.68.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the sale, the director now directly owns 588,274,099 shares in the company, valued at $135,397,166,625.84. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have sold 279,360 shares of company stock worth $63,022,219. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Up 0.9%

Shares of TMUS traded up $1.95 during trading hours on Monday, reaching $223.47. 2,106,452 shares of the stock traded hands, compared to its average volume of 4,064,683. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a market cap of $253.74 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.22 and a beta of 0.64. The stock has a fifty day simple moving average of $243.17 and a 200 day simple moving average of $243.06. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is currently 34.34%.

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.