Joel Isaacson & Co. LLC Sells 195 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Joel Isaacson & Co. LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,078 shares of the Wireless communications provider’s stock after selling 195 shares during the period. Joel Isaacson & Co. LLC’s holdings in T-Mobile US were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. DT Investment Partners LLC increased its holdings in shares of T-Mobile US by 65.3% during 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 in the last quarter. MFA Wealth Advisors LLC raised its holdings in T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the second quarter valued at about $27,000. Finally, Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the second quarter worth about $27,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday. Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Tigress Financial lifted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Bank of America increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $240.17.

Insider Buying and Selling

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now directly owns 35,588 shares in the company, valued at approximately $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 349,261 shares of company stock valued at $69,411,130. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $226.36 on Friday. T-Mobile US, Inc. has a 1 year low of $138.42 and a 1 year high of $234.56. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock’s fifty day moving average price is $206.12 and its two-hundred day moving average price is $185.40. The firm has a market cap of $264.11 billion, a PE ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.22 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 32.58%.

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.