Allworth Financial LP Sells 988 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Allworth Financial LP reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,675 shares of the Wireless communications provider's stock after selling 988 shares during the quarter. Allworth Financial LP's holdings in T-Mobile US were worth $1,456,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Principal Securities Inc. lifted its position in T-Mobile US by 21.8% during the fourth quarter. Principal Securities Inc. now owns 12,175 shares of the Wireless communications provider's stock valued at $2,687,000 after purchasing an additional 2,181 shares during the last quarter. Congress Asset Management Co. purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $1,879,000. Constant Guidance Financial LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $304,000. Chevy Chase Trust Holdings LLC raised its stake in shares of T-Mobile US by 18.7% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 313,090 shares of the Wireless communications provider's stock worth $69,108,000 after acquiring an additional 49,250 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $285,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TMUS shares. Benchmark reissued a "buy" rating and set a $255.00 price target on shares of T-Mobile US in a research note on Tuesday, January 28th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. UBS Group lifted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group lifted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.79.

Insider Buying and Selling

In other news, Director Letitia A. Long sold 1,100 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares of the company's stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company's stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,100 shares of company stock worth $747,378 in the last quarter. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 0.1 %

NASDAQ:TMUS traded down $0.23 during trading hours on Friday, hitting $265.17. The company had a trading volume of 3,554,246 shares, compared to its average volume of 3,824,914. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $271.41. The company has a market capitalization of $302.76 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a 50-day moving average price of $230.32 and a 200 day moving average price of $220.66.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

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.