Valley Wealth Managers Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 99,834 shares of the Wireless communications provider's stock after selling 4,508 shares during the quarter. T-Mobile US comprises approximately 1.6% of Valley Wealth Managers Inc.'s holdings, making the stock its 16th largest holding. Valley Wealth Managers Inc.'s holdings in T-Mobile US were worth $22,036,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Key Financial Inc boosted its position in shares of T-Mobile US by 49.4% during the 4th quarter. Key Financial Inc now owns 378 shares of the Wireless communications provider's stock valued at $83,000 after acquiring an additional 125 shares during the last quarter. Kestra Investment Management LLC bought a new stake in T-Mobile US in the fourth quarter worth $50,000. Atria Wealth Solutions Inc. lifted its position in T-Mobile US by 13.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 17,005 shares of the Wireless communications provider's stock worth $3,754,000 after buying an additional 1,950 shares during the last quarter. Fortis Group Advisors LLC lifted its position in T-Mobile US by 1.8% in the fourth quarter. Fortis Group Advisors LLC now owns 3,579 shares of the Wireless communications provider's stock worth $790,000 after buying an additional 65 shares during the last quarter. Finally, Empower Advisory Group LLC lifted its position in T-Mobile US by 63.8% in the fourth quarter. Empower Advisory Group LLC now owns 265,783 shares of the Wireless communications provider's stock worth $58,666,000 after buying an additional 103,528 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
TMUS has been the subject of a number of analyst reports. Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Daiwa America upgraded T-Mobile US to a "hold" rating in a research report on Friday, October 25th. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price target for the company. TD Cowen raised their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, Tigress Financial lifted their target price on T-Mobile US from $280.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $251.79.
View Our Latest Report on TMUS
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares of the company's stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company's stock, valued at $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is owned by company insiders.
T-Mobile US Stock Performance
Shares of T-Mobile US stock traded down $0.23 on Friday, reaching $265.17. 3,554,246 shares of the stock were exchanged, compared to its average volume of 3,824,914. 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 twelve month low of $158.84 and a twelve month high of $271.41. The firm has a market capitalization of $302.76 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.53 and a beta of 0.56. The business has a 50 day moving average price of $230.98 and a two-hundred day moving average price of $221.21.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its 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%. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.
About T-Mobile US
(
Free Report)
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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