DRW Securities LLC Sells 9,654 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

DRW Securities LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 79.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,489 shares of the Wireless communications provider's stock after selling 9,654 shares during the quarter. DRW Securities LLC's holdings in T-Mobile US were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TMUS. Principal Financial Group Inc. increased its stake in T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after purchasing an additional 47,350 shares during the last quarter. MML Investors Services LLC increased its position in shares of T-Mobile US by 16.0% in the 3rd quarter. MML Investors Services LLC now owns 39,456 shares of the Wireless communications provider's stock worth $8,142,000 after purchasing an additional 5,433 shares during the last quarter. Barclays PLC increased its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in T-Mobile US by 16.6% during the third quarter. Coldstream Capital Management Inc. now owns 12,057 shares of the Wireless communications provider's stock worth $2,551,000 after acquiring an additional 1,719 shares during the period. Finally, Sunbelt Securities Inc. increased its position in T-Mobile US by 23.2% in the third quarter. Sunbelt Securities Inc. now owns 812 shares of the Wireless communications provider's stock worth $168,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research firms recently weighed in on TMUS. Citigroup downgraded shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Benchmark restated a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Royal Bank of Canada boosted their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Finally, UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.80.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 1.8 %

Shares of NASDAQ TMUS traded up $4.80 during mid-day trading on Tuesday, reaching $267.44. 1,246,782 shares of the company's stock were exchanged, compared to its average volume of 4,228,492. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $260.69 and a 200 day simple moving average of $237.92. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The firm has a market capitalization of $305.35 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.32%. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

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.