Pinnacle Associates Ltd. lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,508 shares of the Wireless communications provider’s stock after selling 4,151 shares during the quarter. Pinnacle Associates Ltd.’s holdings in T-Mobile US were worth $2,743,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. United Community Bank grew its position in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. JDM Financial Group LLC grew its position in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Turning Point Benefit Group Inc. grew its position in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Cloud Capital Management LLC acquired a new stake in T-Mobile US in the 3rd quarter valued at $38,000. Finally, First Horizon Corp acquired a new stake in T-Mobile US in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 42.49% of the company’s stock.
Insider Activity at T-Mobile US
In other news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total value of $241,594.65. Following the completion of the sale, the director owned 125,696 shares in the company, valued at $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 149,134 shares of company stock worth $32,163,349. 0.37% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on TMUS
T-Mobile US Stock Performance
TMUS stock opened at $185.22 on Friday. The business has a 50 day moving average of $201.37 and a 200-day moving average of $203.07. The firm has a market cap of $200.45 billion, a PE ratio of 19.70, a P/E/G ratio of 1.09 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter in the previous year, the firm earned $2.58 earnings per share. The business’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.
T-Mobile US Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US’s payout ratio is presently 43.40%.
T-Mobile US Company Profile
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.
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