TD Waterhouse Canada Inc. Sells 4,136 Shares of T-Mobile US, Inc. $TMUS

TD Waterhouse Canada Inc. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,374 shares of the Wireless communications provider’s stock after selling 4,136 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in T-Mobile US were worth $7,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. lifted its stake in shares of T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC raised its position in T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after acquiring an additional 3,454 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in T-Mobile US during the second quarter valued at approximately $375,000. Raymond James Financial Inc. raised its position in T-Mobile US by 0.5% during the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after acquiring an additional 9,568 shares in the last quarter. Finally, Viking Global Investors LP grew its stake in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares of the company’s stock, valued at $14,605,251.26. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 694,134 shares of company stock worth $150,847,799. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. BNP Paribas Exane lowered their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. Finally, Wolfe Research reissued an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.91.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $198.36 on Tuesday. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $263.79. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $218.56 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.27 and a beta of 0.43. The stock’s fifty day moving average is $209.71 and its two-hundred day moving average is $207.12.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is 42.02%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.