Insigneo Advisory Services LLC Sells 1,832 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Insigneo Advisory Services LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 53.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,567 shares of the Wireless communications provider's stock after selling 1,832 shares during the period. Insigneo Advisory Services LLC's holdings in T-Mobile US were worth $346,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. Principal Financial Group Inc. grew its holdings in shares of 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 acquiring an additional 47,350 shares in the last quarter. Barclays PLC increased its holdings in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. Passumpsic Savings Bank bought a new stake in T-Mobile US in the third quarter worth about $2,634,000. Pine Valley Investments Ltd Liability Co boosted its stake in T-Mobile US by 1.3% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider's stock valued at $1,135,000 after acquiring an additional 70 shares during the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $510,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Up 1.4 %

NASDAQ:TMUS traded up $3.70 on Thursday, reaching $263.05. 1,192,652 shares of the stock traded hands, compared to its average volume of 4,222,483. The company has a market capitalization of $299.00 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 12 month low of $160.62 and a 12 month high of $276.49. 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 company's fifty day simple moving average is $261.14 and its 200 day simple moving average is $240.05.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping 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%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid 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 1.34%. T-Mobile US's dividend payout ratio is presently 36.40%.

Analysts Set New Price Targets

A number of analysts have issued reports on TMUS shares. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

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.