Rockefeller Capital Management L.P. Sells 36,726 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Rockefeller Capital Management L.P. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 32.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 74,988 shares of the Wireless communications provider’s stock after selling 36,726 shares during the period. Rockefeller Capital Management L.P.’s holdings in T-Mobile US were worth $15,463,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. MFA Wealth Advisors LLC increased its holdings in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. WASHINGTON TRUST Co lifted its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US during the second quarter worth approximately $27,000. Finally, Summit Securities Group LLC bought a new position in shares of T-Mobile US during the second quarter worth approximately $27,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 340,750 shares of company stock valued at $72,863,634. Company insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. KeyCorp raised their target price on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Scotiabank raised their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Evercore ISI raised their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Stock Up 0.3 %

NASDAQ:TMUS opened at $246.94 on Monday. T-Mobile US, Inc. has a one year low of $148.19 and a one year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market cap of $286.57 billion, a PE ratio of 28.16, a P/E/G ratio of 1.26 and a beta of 0.50. The firm’s 50 day simple moving average is $223.98 and its 200 day simple moving average is $198.25.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for 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%. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.82 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

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.