T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Lowered by Mission Wealth Management LP

Mission Wealth Management LP trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,669 shares of the Wireless communications provider's stock after selling 9,152 shares during the period. Mission Wealth Management LP's holdings in T-Mobile US were worth $1,914,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in T-Mobile US by 34.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider's stock worth $780,000 after purchasing an additional 974 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of T-Mobile US by 146.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider's stock worth $32,758,000 after buying an additional 94,242 shares during the period. Roman Butler Fullerton & Co. boosted its position in shares of T-Mobile US by 13.9% in the third quarter. Roman Butler Fullerton & Co. now owns 3,048 shares of the Wireless communications provider's stock worth $662,000 after buying an additional 372 shares during the period. Intact Investment Management Inc. grew its stake in shares of T-Mobile US by 7.0% in the third quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider's stock valued at $1,102,000 after buying an additional 350 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of T-Mobile US by 12.6% during the 3rd quarter. National Pension Service now owns 1,231,751 shares of the Wireless communications provider's stock valued at $254,184,000 after buying an additional 137,527 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired 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 of the company's stock, valued at approximately $897,621.76. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US 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 in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Sanford C. Bernstein began coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target for the company. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Bank of America upped their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $254.10.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $1.46 on Thursday, reaching $261.28. 252,353 shares of the company's stock were exchanged, compared to its average volume of 4,002,531. The business's 50-day moving average is $238.17 and its two-hundred day moving average is $225.48. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The firm has a market capitalization of $298.32 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.35%. T-Mobile US's dividend payout ratio is currently 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.