Valley Wealth Managers Inc. Has $21.53 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Valley Wealth Managers Inc. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 104,342 shares of the Wireless communications provider’s stock after selling 2,410 shares during the period. T-Mobile US makes up 1.6% of Valley Wealth Managers Inc.’s portfolio, making the stock its 18th largest holding. Valley Wealth Managers Inc.’s holdings in T-Mobile US were worth $21,532,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of T-Mobile US by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after acquiring an additional 8,101 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after acquiring an additional 25,217 shares during the period. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of T-Mobile US by 84.6% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock worth $46,224,000 after acquiring an additional 102,663 shares during the period. Finally, Vontobel Holding Ltd. lifted its holdings in shares of T-Mobile US by 15.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider’s stock worth $19,872,000 after acquiring an additional 12,724 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $197.84, for a total value of $22,134,734.88. Following the sale, the director now directly owns 1,828,910 shares of the company’s stock, valued at $361,831,554.40. This represents a 5.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock worth $97,427,925 in the last three months. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Bank of America increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

TMUS stock traded down $0.23 during midday trading on Friday, reaching $237.52. The company had a trading volume of 300,972 shares, compared to its average volume of 4,424,056. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1 year low of $147.07 and a 1 year high of $242.43. The company has a market capitalization of $275.64 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.23 and a beta of 0.50. The firm has a 50-day moving average price of $215.03 and a 200-day moving average price of $191.94.

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 for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.82 EPS. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 29.65%.

T-Mobile US Company 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.