T-Mobile US, Inc. $TMUS Stock: Curated Wealth Partners LLC Trims Holdings

Key Points

• Curated Wealth Partners LLC cut its T-Mobile US position by 99.5% in the third quarter, selling 361,324 shares and retaining 1,939 shares valued at approximately $316,000. Institutional investors own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates by $0.40, while revenue rose 7.9% year over year to $22.79 billion. The company also increased its quarterly dividend to $1.17, representing a 2.9% yield.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $244.65, despite several brokerages recently lowering their targets.

Curated Wealth Partners LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 99.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,939 shares of the Wireless communications provider's stock after selling 361,324 shares during the period. Curated Wealth Partners LLC's holdings in T-Mobile US were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Main Street Group LTD acquired a new position in T-Mobile US during the 1st quarter worth approximately $25,000. Paladin Partners LLC acquired a new stake in T-Mobile US in the second quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Highland Investment Advisors LLC acquired a new stake in T-Mobile US in the second quarter valued at approximately $30,000. Finally, Sachetta LLC increased its holdings in shares of T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after acquiring an additional 55 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Up 1.3%

Shares of NASDAQ:TMUS opened at $159.10 on Friday. The business's 50 day moving average is $172.91 and its 200 day moving average is $182.42. T-Mobile US, Inc. has a 12-month low of $147.90 and a 12-month high of $230.54. The stock has a market cap of $170.66 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.99 and a beta of 0.33. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Wednesday, November 25th. This is a positive change from T-Mobile US's previous quarterly dividend of $1.02. T-Mobile US's dividend payout ratio (DPR) is currently 49.01%.

Insider Activity

In other 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 value of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. This represents a 2.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TMUS. The Goldman Sachs Group lowered their target price on T-Mobile US from $230.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, September 25th. JPMorgan Chase & Co. reduced their price target on shares of T-Mobile US from $275.00 to $260.00 and set an "overweight" rating for the company in a research report on Monday, September 21st. Raymond James Financial upgraded 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 note on Monday, October 12th. Sanford C. Bernstein restated a "neutral" rating on shares of T-Mobile US in a report on Monday, September 28th. Finally, Royal Bank Of Canada lowered 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 report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $244.65.

About T-Mobile US

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.