Legacy Capital Group California Inc. Has $802,000 Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Legacy Capital Group California Inc. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 39.0% in the third quarter, Holdings Channel reports. The fund owned 3,887 shares of the Wireless communications provider’s stock after selling 2,486 shares during the period. Legacy Capital Group California Inc.’s holdings in T-Mobile US were worth $802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. WASHINGTON TRUST Co boosted its stake in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. DT Investment Partners LLC boosted its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Summit Securities Group LLC acquired a new position in T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. lifted its position in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TMUS shares. Raymond James downgraded shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their price objective for the stock from $208.00 to $221.00 in a report on Wednesday, October 2nd. KeyCorp raised their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday. Tigress Financial upped their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. The Goldman Sachs Group increased their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citigroup boosted their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $238.89.

T-Mobile US Stock Up 5.7 %

Shares of NASDAQ TMUS opened at $233.56 on Friday. T-Mobile US, Inc. has a 1 year low of $137.69 and a 1 year high of $234.40. The firm’s 50-day moving average is $204.75 and its 200-day moving average is $184.44. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $272.51 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 9.22 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is presently 32.58%.

Insiders Place Their Bets

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 349,261 shares of company stock worth $69,411,130. Company insiders own 0.67% of the company’s stock.

About T-Mobile US

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.