Stifel Financial Corp Sells 4,698 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Stifel Financial Corp decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 359,358 shares of the Wireless communications provider's stock after selling 4,698 shares during the quarter. Stifel Financial Corp's holdings in T-Mobile US were worth $79,328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth $1,552,000. Trust Co. of Vermont increased its holdings in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Rice Partnership LLC purchased a new position in shares of T-Mobile US in the 4th quarter worth about $7,678,000. Finally, Exchange Traded Concepts LLC boosted its stake in T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock worth $12,476,000 after purchasing an additional 49,775 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Up 1.9 %

NASDAQ:TMUS opened at $258.30 on Wednesday. T-Mobile US, Inc. has a one year low of $160.62 and a one year high of $276.49. The business has a fifty day moving average price of $261.36 and a 200-day moving average price of $239.91. The firm has a market capitalization of $294.91 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

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

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. Scotiabank lifted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Benchmark restated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $256.80.

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.

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