BOK Financial Private Wealth Inc. Sells 1,489 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

BOK Financial Private Wealth Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,863 shares of the Wireless communications provider's stock after selling 1,489 shares during the period. BOK Financial Private Wealth Inc.'s holdings in T-Mobile US were worth $1,956,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC increased its stake in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners purchased a new position in T-Mobile US during the 4th quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the 3rd quarter valued at about $34,000. Planning Capital Management Corp grew its stake in T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated 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 owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the business's 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 transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade 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 corporate insiders.

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Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. Sanford C. Bernstein initiated coverage on T-Mobile US in a report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target for the company. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. 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 report on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $254.10.

T-Mobile US Stock Performance

TMUS traded down $1.06 during trading on Wednesday, reaching $255.61. 3,980,431 shares of the company's stock were exchanged, compared to its average volume of 4,000,060. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The company has a market capitalization of $291.84 billion, a P/E ratio of 26.43, a PEG ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average price of $242.14 and a 200 day moving average price of $227.74.

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

T-Mobile US Announces Dividend

The business also recently announced 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 of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. T-Mobile US's payout ratio 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.