Accurate Wealth Management LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,133 shares of the Wireless communications provider's stock after selling 3,251 shares during the period. Accurate Wealth Management LLC's holdings in T-Mobile US were worth $2,987,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TMUS. KPP Advisory Services LLC increased its position in T-Mobile US by 2.6% during the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider's stock worth $360,000 after acquiring an additional 45 shares during the period. DT Investment Partners LLC grew its position in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Old North State Trust LLC increased its holdings in shares of T-Mobile US by 1.4% during the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider's stock worth $751,000 after purchasing an additional 50 shares during the period. Davis Investment Partners LLC raised its position in shares of T-Mobile US by 0.6% during the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider's stock valued at $1,711,000 after buying an additional 51 shares during the last quarter. Finally, Barden Capital Management Inc. lifted its stake in shares of T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider's stock valued at $1,408,000 after buying an additional 54 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Scotiabank boosted their price target on T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. Royal Bank of Canada cut T-Mobile US from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from $255.00 to $240.00 in a research report on Monday, January 6th. TD Cowen raised their target price 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. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company cut shares of T-Mobile US from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $240.00 to $220.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $245.74.
Read Our Latest Research Report on TMUS
T-Mobile US Price Performance
Shares of NASDAQ:TMUS traded up $0.34 during midday trading on Wednesday, reaching $214.52. The company's stock had a trading volume of 1,921,018 shares, compared to its average volume of 3,638,218. The business's fifty day simple moving average is $229.93 and its 200-day simple moving average is $209.91. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The company has a market capitalization of $248.95 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.18 and a beta of 0.56.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The company's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio is 40.14%.
Insider Buying and Selling at T-Mobile US
In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares of the company's stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,200 shares of company stock worth $37,407,303. Insiders own 0.67% of the company's stock.
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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