Wallace Hart LLC Sells 3,100 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Wallace Hart LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,841 shares of the Wireless communications provider's stock after selling 3,100 shares during the period. T-Mobile US makes up about 0.3% of Wallace Hart LLC's holdings, making the stock its 14th biggest position. Wallace Hart LLC's holdings in T-Mobile US were worth $406,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JSF Financial LLC lifted its position in T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock valued at $1,117,000 after acquiring an additional 44 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in shares of 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 valued at $360,000 after purchasing an additional 45 shares in the last quarter. D Orazio & Associates Inc. boosted its position in shares of T-Mobile US by 3.7% during the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock valued at $290,000 after buying an additional 47 shares during the last quarter. Warren Street Wealth Advisors LLC increased its holdings in T-Mobile US by 4.3% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after buying an additional 47 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC raised its position in T-Mobile US by 3.9% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock worth $284,000 after buying an additional 48 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on 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 owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a filing 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 on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following 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. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS stock traded down $0.51 during trading hours on Wednesday, hitting $256.16. The stock had a trading volume of 2,340,922 shares, compared to its average volume of 3,993,944. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market capitalization of $292.47 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $276.49. The stock's 50-day moving average price is $241.44 and its two-hundred day moving average price is $227.54.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data 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 return on equity of 18.09% and a net margin of 13.93%. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm 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 is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.37%. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TMUS shares. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on T-Mobile US from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Oppenheimer upped their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $254.10.

T-Mobile US Company 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.