Cornerstone Wealth Group LLC Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cornerstone Wealth Group LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,584 shares of the Wireless communications provider’s stock after selling 5,112 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in T-Mobile US were worth $4,423,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 60 shares during the period. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $28,000. City Holding Co. raised its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the sale, the director now directly owns 588,413,779 shares in the company, valued at approximately $134,599,651,946.25. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 279,360 shares of company stock worth $63,022,219. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Tigress Financial raised their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. UBS Group cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Benchmark reissued a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $226.98 on Tuesday. The firm’s fifty day moving average price is $242.46 and its 200 day moving average price is $242.95. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The firm has a market cap of $257.72 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.22 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $2.00 EPS. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.55%. T-Mobile US’s payout ratio is currently 34.34%.

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.