Main Street Research LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 98.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,162 shares of the Wireless communications provider’s stock after selling 178,159 shares during the period. Main Street Research LLC’s holdings in T-Mobile US were worth $439,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. United Community Bank boosted its stake in shares of T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the last quarter. JDM Financial Group LLC boosted its stake in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the last quarter. Turning Point Benefit Group Inc. boosted its stake in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of T-Mobile US during the third quarter valued at $38,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of T-Mobile US during the fourth quarter valued at $38,000. Institutional investors and hedge funds own 42.49% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently commented on TMUS. Arete Research increased their price objective on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company increased their price objective on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Finally, Wolfe Research reissued an “outperform” rating and issued a $255.00 price target on shares of T-Mobile US in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $260.48.
Insider Buying and Selling
In other news, Director G Michael Sievert sold 1,089 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director directly owned 125,696 shares of the company’s stock, valued at $27,885,657.60. The trade was a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the transaction, the insider directly owned 65,677 shares in the company, valued at $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 11,709 shares of company stock worth $2,466,208. Corporate insiders own 0.37% of the company’s stock.
T-Mobile US Price Performance
Shares of NASDAQ:TMUS opened at $191.47 on Monday. The stock’s 50-day moving average price is $198.67 and its two-hundred day moving average price is $202.23. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The firm has a market cap of $207.21 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.11 and a beta of 0.33.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the company earned $2.58 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.
T-Mobile US Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.
T-Mobile US 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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