Wambolt & Associates LLC Has $2.70 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wambolt & Associates LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,212 shares of the Wireless communications provider's stock after selling 2,535 shares during the period. Wambolt & Associates LLC's holdings in T-Mobile US were worth $2,696,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Dunhill Financial LLC raised its stake in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US in the third quarter valued at about $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Down 0.9 %

NASDAQ:TMUS traded down $2.46 during trading hours on Friday, hitting $265.82. The stock had a trading volume of 1,387,553 shares, compared to its average volume of 4,160,326. The business's 50 day moving average is $252.00 and its 200-day moving average is $232.15. The company has a market cap of $303.50 billion, a price-to-earnings ratio of 27.51, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate 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 anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. T-Mobile US's payout ratio is 36.40%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective for the company. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Bank of America increased their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Oppenheimer upped their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, KeyCorp cut shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $256.80.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.67% of the company's stock.

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.