Prentiss Smith & Co. Inc. Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Prentiss Smith & Co. Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,127 shares of the Wireless communications provider’s stock after selling 547 shares during the period. T-Mobile US comprises 1.0% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 27th biggest position. Prentiss Smith & Co. Inc.’s holdings in T-Mobile US were worth $1,303,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Exchange Traded Concepts LLC increased its holdings in T-Mobile US by 4,568.0% in the third quarter. Exchange Traded Concepts LLC now owns 4,528 shares of the Wireless communications provider’s stock valued at $634,000 after buying an additional 4,431 shares in the last quarter. Private Trust Co. NA grew its position in shares of T-Mobile US by 1.8% in the third quarter. Private Trust Co. NA now owns 6,381 shares of the Wireless communications provider’s stock valued at $894,000 after purchasing an additional 110 shares during the period. Caprock Group LLC grew its position in shares of T-Mobile US by 1.2% in the third quarter. Caprock Group LLC now owns 11,209 shares of the Wireless communications provider’s stock valued at $1,570,000 after purchasing an additional 131 shares during the period. Proficio Capital Partners LLC grew its position in shares of T-Mobile US by 8.5% in the third quarter. Proficio Capital Partners LLC now owns 2,560 shares of the Wireless communications provider’s stock valued at $359,000 after purchasing an additional 200 shares during the period. Finally, CX Institutional grew its position in shares of T-Mobile US by 32.7% in the third quarter. CX Institutional now owns 4,291 shares of the Wireless communications provider’s stock valued at $601,000 after purchasing an additional 1,058 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $161.80, for a total value of $1,945,159.60. Following the sale, the director now directly owns 13,014 shares of the company’s stock, valued at approximately $2,105,665.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now directly owns 13,014 shares of the company’s stock, valued at approximately $2,105,665.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $161.85, for a total transaction of $31,546,183.50. Following the sale, the director now directly owns 689,930,831 shares in the company, valued at $111,665,304,997.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,995,889 shares of company stock valued at $972,451,611. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $184.00 target price on shares of T-Mobile US in a research report on Wednesday, March 20th. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Raymond James boosted their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. KeyCorp lowered their price target on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Finally, Citigroup boosted their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and a consensus target price of $185.93.

T-Mobile US Trading Down 0.1 %

NASDAQ:TMUS traded down $0.13 on Thursday, hitting $164.05. The stock had a trading volume of 5,812,097 shares, compared to its average volume of 4,521,922. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The stock has a market cap of $194.71 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 0.66 and a beta of 0.49. The company has a fifty day moving average price of $162.39 and a two-hundred day moving average price of $156.76. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The company had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. T-Mobile US’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $1.18 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

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.