Interchange Capital Partners LLC Sells 1,500 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Interchange Capital Partners LLC reduced its stake in T-Mobile US by 80.4%, selling 1,500 shares and now holding 365 shares valued at approximately $87,000.
• Several institutional investors, including Hohimer Wealth Management and Journey Strategic Wealth, have raised their positions in T-Mobile US, with institutional ownership currently at 42.49%.
• T-Mobile US recently declared a quarterly dividend of $1.02, increasing from its previous $0.88, indicating positive financial performance and a dividend yield of 1.8%.

Interchange Capital Partners LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 80.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 365 shares of the Wireless communications provider's stock after selling 1,500 shares during the quarter. Interchange Capital Partners LLC's holdings in T-Mobile US were worth $87,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hohimer Wealth Management LLC lifted its position in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after acquiring an additional 41 shares during the period. Journey Strategic Wealth LLC raised its holdings in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after buying an additional 41 shares in the last quarter. Weaver Capital Management LLC raised its holdings in shares of T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock worth $1,605,000 after buying an additional 42 shares in the last quarter. Finally, Bank of Stockton raised its holdings in shares of T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider's stock worth $906,000 after buying an additional 44 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Rothschild Redb raised T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, September 30th. Royal Bank Of Canada raised T-Mobile US from a "sector perform" rating to an "outperform" rating and set a $270.00 price target for the company in a report on Tuesday. Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Moffett Nathanson boosted their price target on T-Mobile US from $210.00 to $230.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $265.13.

T-Mobile US Price Performance

Shares of TMUS opened at $229.42 on Wednesday. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The business has a 50-day simple moving average of $242.85 and a two-hundred day simple moving average of $242.34. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a market cap of $258.19 billion, a PE ratio of 21.64, a PEG ratio of 1.54 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter in the prior year, the firm earned $2.49 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share 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 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $226.15, for a total value of $14,569,939.90. Following the completion of the sale, the director owned 627,846,473 shares of the company's stock, valued at approximately $141,987,479,868.95. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,418,333 shares of company stock valued at $584,293,759 over the last ninety days. Corporate insiders own 0.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.