Baker Tilly Wealth Management LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 10.1% during the fourth quarter, HoldingsChannel reports. The firm owned 4,749 shares of the Wireless communications provider’s stock after buying an additional 434 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in T-Mobile US were worth $1,048,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% in the third 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 period. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US in the second quarter worth $27,000. Dunhill Financial LLC increased its position in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. MFA Wealth Advisors LLC lifted its position in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in T-Mobile US in the 3rd quarter valued at $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
T-Mobile US Trading Down 2.4 %
T-Mobile US stock traded down $5.14 during mid-day trading on Friday, hitting $210.38. 722,819 shares of the company’s stock were exchanged, compared to its average volume of 3,341,481. The company’s 50 day simple moving average is $230.65 and its 200-day simple moving average is $208.71. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $244.14 billion, a P/E ratio of 23.99, a PEG ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15.
T-Mobile US Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.67%. T-Mobile US’s payout ratio is 40.14%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on TMUS shares. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Bank of America lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group boosted their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup raised their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada lowered T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $255.00 to $240.00 in a research note on Monday. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $245.74.
Read Our Latest Analysis on TMUS
Insider Activity at T-Mobile US
In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the transaction, the director now directly owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,969 shares of company stock valued at $46,656,527. 0.67% of the stock is owned by corporate insiders.
T-Mobile US 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.
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