Northern Financial Advisors Inc Trims Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Northern Financial Advisors Inc decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,678 shares of the Wireless communications provider’s stock after selling 198 shares during the period. Northern Financial Advisors Inc’s holdings in T-Mobile US were worth $1,378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TMUS. Kovack Advisors Inc. purchased a new stake in shares of T-Mobile US in the 1st quarter worth approximately $212,000. Van ECK Associates Corp grew its stake in shares of T-Mobile US by 9.7% in the 1st quarter. Van ECK Associates Corp now owns 20,278 shares of the Wireless communications provider’s stock worth $3,310,000 after buying an additional 1,791 shares during the last quarter. Norden Group LLC grew its stake in shares of T-Mobile US by 45.8% in the 1st quarter. Norden Group LLC now owns 3,644 shares of the Wireless communications provider’s stock worth $595,000 after buying an additional 1,145 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new stake in shares of T-Mobile US in the 1st quarter worth approximately $247,000. Finally, Private Advisor Group LLC grew its stake in shares of T-Mobile US by 1.0% in the 1st quarter. Private Advisor Group LLC now owns 22,010 shares of the Wireless communications provider’s stock worth $3,593,000 after buying an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TMUS shares. Citigroup upped their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Benchmark upped their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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 report on Monday, August 12th. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group upped their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Trading Up 0.1 %

NASDAQ:TMUS opened at $223.28 on Friday. 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 firm has a market capitalization of $259.11 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.50. T-Mobile US, Inc. has a one year low of $143.90 and a one year high of $234.56. The business has a fifty day moving average price of $208.90 and a 200-day moving average price of $187.65.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate 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 return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.82 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 29.65%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 359,261 shares of company stock worth $72,263,430 in the last three months. Corporate insiders own 0.67% of the company’s stock.

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.