Strategic Investment Advisors MI Sells 346 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Strategic Investment Advisors MI cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,127 shares of the Wireless communications provider’s stock after selling 346 shares during the period. Strategic Investment Advisors MI’s holdings in T-Mobile US were worth $690,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the period. Barclays PLC lifted its holdings in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. Franklin Resources Inc. lifted its holdings in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after buying an additional 397,345 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was 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 owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,200 shares of company stock worth $32,736,303. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TMUS. Benchmark increased their price target on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. 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, January 6th. Oppenheimer upped their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein started coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Trading Up 1.2 %

Shares of TMUS stock opened at $218.57 on Monday. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The stock’s 50-day moving average price is $226.93 and its 200-day moving average price is $211.85. The stock has a market capitalization of $253.65 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56.

T-Mobile US Dividend Announcement

The business 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 $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.61%. T-Mobile US’s dividend payout ratio is currently 40.14%.

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.