Nemes Rush Group LLC Sells 9,453 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Nemes Rush Group LLC reduced its T-Mobile stake by 82.9% in the third quarter, selling 9,453 shares and retaining 1,949 shares valued at about $318,000.
• T-Mobile beat quarterly earnings and revenue expectations: EPS was $3.22 versus $2.89 estimated, while revenue reached $23.58 billion, up 7.4% year over year. The company raised its quarterly dividend to $1.17 per share from $1.02.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $238.25; targets varied widely, from $165 at Citigroup to $246 at Moffett Nathanson.

Nemes Rush Group LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 82.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,949 shares of the Wireless communications provider's stock after selling 9,453 shares during the period. Nemes Rush Group LLC's holdings in T-Mobile US were worth $318,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC increased its position in T-Mobile US by 1.2% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 4,844 shares of the Wireless communications provider's stock valued at $812,000 after acquiring an additional 56 shares during the period. Heartland Bank & Trust Co raised its stake in shares of T-Mobile US by 3.5% during the first quarter. Heartland Bank & Trust Co now owns 1,841 shares of the Wireless communications provider's stock valued at $387,000 after acquiring an additional 62 shares during the last quarter. CGN Advisors LLC lifted its holdings in shares of T-Mobile US by 0.6% during the second quarter. CGN Advisors LLC now owns 10,909 shares of the Wireless communications provider's stock worth $1,830,000 after purchasing an additional 64 shares during the period. GAMMA Investing LLC lifted its holdings in shares of T-Mobile US by 0.5% during the third quarter. GAMMA Investing LLC now owns 12,108 shares of the Wireless communications provider's stock worth $1,975,000 after purchasing an additional 66 shares during the period. Finally, City State Bank grew its stake in shares of T-Mobile US by 21.7% in the third quarter. City State Bank now owns 382 shares of the Wireless communications provider's stock worth $62,000 after purchasing an additional 68 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the company's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares of the company's stock, valued at approximately $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TMUS. Scotiabank increased their price objective on T-Mobile US from $212.00 to $214.00 and gave the company a "sector outperform" rating in a report on Thursday, October 29th. Citigroup cut their target price on T-Mobile US from $225.00 to $165.00 and set a "neutral" rating on the stock in a report on Thursday, October 29th. Barclays cut their target price on T-Mobile US from $215.00 to $200.00 and set an "overweight" rating on the stock in a report on Tuesday, September 29th. Moffett Nathanson upped their price target on T-Mobile US from $242.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, September 22nd. Finally, UBS Group decreased their price target on T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $238.25.

T-Mobile US Stock Up 4.1%

Shares of NASDAQ TMUS opened at $168.71 on Tuesday. The company's 50 day moving average price is $164.71 and its 200-day moving average price is $186.11. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. T-Mobile US, Inc. has a 52-week low of $143.75 and a 52-week high of $224.75. The company has a market capitalization of $178.71 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 0.92 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The company had revenue of $23.58 billion during the quarter, compared to analysts' expectations of $23.15 billion. During the same period in the prior year, the company posted $2.41 earnings per share. T-Mobile US's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a $1.17 dividend. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 2.8%. T-Mobile US's dividend payout ratio (DPR) is presently 39.38%.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.

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