T-Mobile US, Inc. $TMUS Stock: Shelton Wealth Management LLC Decreases Position

Key Points

• Shelton Wealth Management cut its T-Mobile US position by 85.8% in the third quarter, selling 7,439 shares and retaining 1,234 shares valued at approximately $201,000. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also increased its quarterly dividend to $1.17 per share, representing a 2.9% yield.
• Shares recently traded at $159.10, well below the 52-week high of $230.54. Analysts maintain a Moderate Buy consensus with an average price target of $244.65, despite mixed individual rating changes.

Shelton Wealth Management LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 85.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,234 shares of the Wireless communications provider's stock after selling 7,439 shares during the period. Shelton Wealth Management LLC's holdings in T-Mobile US were worth $201,000 as of its most recent SEC filing.

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

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 stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the completion of the sale, the chief accounting officer directly 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 filing with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded up $2.07 during trading hours on Friday, hitting $159.10. 5,906,048 shares of the company were exchanged, compared to its average volume of 6,380,317. T-Mobile US, Inc. has a 1 year low of $147.90 and a 1 year 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 business has a 50-day moving average of $172.91 and a 200-day moving average of $182.42. The stock has a market capitalization of $170.66 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 0.98 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 earnings per share. T-Mobile US's revenue was up 7.9% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 11.17 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a dividend yield of 2.9%. This is a boost from T-Mobile US's previous quarterly dividend of $1.02. T-Mobile US's dividend payout ratio is presently 42.72%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TMUS. The Goldman Sachs Group decreased their target price on T-Mobile US from $230.00 to $211.00 and set a "buy" rating for the company in a research report on Friday, September 25th. Moffett Nathanson lifted their price target on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, September 22nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of T-Mobile US in a research report on Friday, September 11th. Bank of America upgraded T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research note on Monday, July 6th. Finally, Sanford C. Bernstein reissued a "neutral" rating on shares of T-Mobile US in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $244.65.

T-Mobile US Company Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.

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.