Ibex Wealth Advisors Sells 13,001 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ibex Wealth Advisors lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 78.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,537 shares of the Wireless communications provider's stock after selling 13,001 shares during the quarter. Ibex Wealth Advisors' holdings in T-Mobile US were worth $781,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TMUS. Invesco LLC raised its position in shares of T-Mobile US by 3.3% during the 4th quarter. Invesco LLC now owns 7,140 shares of the Wireless communications provider's stock worth $1,576,000 after purchasing an additional 225 shares during the last quarter. Swedbank AB increased its position in T-Mobile US by 6.3% during the fourth quarter. Swedbank AB now owns 271,149 shares of the Wireless communications provider's stock worth $59,851,000 after buying an additional 16,105 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of T-Mobile US by 0.3% in the fourth quarter. Forsta AP Fonden now owns 158,000 shares of the Wireless communications provider's stock worth $34,875,000 after acquiring an additional 400 shares during the last quarter. Nvest Financial LLC lifted its position in shares of T-Mobile US by 13.2% in the fourth quarter. Nvest Financial LLC now owns 4,963 shares of the Wireless communications provider's stock valued at $1,096,000 after acquiring an additional 579 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of T-Mobile US by 20.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 191,545 shares of the Wireless communications provider's stock valued at $42,280,000 after acquiring an additional 32,801 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the firm's stock in a transaction on Monday, December 9th. The shares were purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now owns 4,400 shares of the company's stock, valued at $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 over the last ninety days. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TMUS shares. Wells Fargo & Company boosted their price target on T-Mobile US from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Thursday. KeyCorp lowered T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Raymond James cut shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $248.89.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $0.58 during trading on Thursday, hitting $234.57. 1,951,117 shares of the stock were exchanged, compared to its average volume of 3,901,000. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The stock's fifty day moving average is $226.37 and its 200 day moving average is $212.82. The stock has a market cap of $272.21 billion, a PE ratio of 26.75, a P/E/G ratio of 1.08 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.3 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced 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 of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. T-Mobile US's dividend payout ratio (DPR) is 40.14%.

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.