Crossmark Global Holdings Inc. Has $16.94 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Crossmark Global Holdings Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,753 shares of the Wireless communications provider’s stock after selling 3,600 shares during the period. Crossmark Global Holdings Inc.’s holdings in T-Mobile US were worth $16,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Reliant Investment Management LLC raised its holdings in shares of T-Mobile US by 5.0% in the 4th quarter. Reliant Investment Management LLC now owns 24,555 shares of the Wireless communications provider’s stock worth $5,420,000 after buying an additional 1,165 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in T-Mobile US by 24.5% during the 4th quarter. Atwood & Palmer Inc. now owns 335 shares of the Wireless communications provider’s stock valued at $74,000 after purchasing an additional 66 shares in the last quarter. Central Bank & Trust Co. acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $203,000. Harbor Investment Advisory LLC increased its stake in shares of T-Mobile US by 5.4% in the 4th quarter. Harbor Investment Advisory LLC now owns 8,740 shares of the Wireless communications provider’s stock valued at $1,929,000 after buying an additional 450 shares during the period. Finally, Gemmer Asset Management LLC acquired a new stake in shares of T-Mobile US in the 4th quarter valued at $225,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $218.97 on Tuesday. 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 company has a 50-day simple moving average of $228.93 and a two-hundred day simple moving average of $210.69. The firm has a market cap of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.09 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate 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 business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period last year, the business posted $1.82 earnings per share. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.3 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Benchmark lifted their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer lifted their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Evercore ISI lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock worth $37,407,303 in the last 90 days. 0.67% of the stock is currently owned by 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.