Norden Group LLC Sells 18,275 Shares of T-Mobile US, Inc. $TMUS

Norden Group LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 75.0% during the third quarter, HoldingsChannel reports. The firm owned 6,076 shares of the Wireless communications provider’s stock after selling 18,275 shares during the quarter. Norden Group LLC’s holdings in T-Mobile US were worth $1,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management raised its stake in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the second quarter worth about $25,000. Elevation Wealth Partners LLC raised its position in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. Missouri Trust & Investment Co lifted its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares in the last quarter. Finally, Aspect Partners LLC grew its position in shares of T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TMUS. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Barclays dropped their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Wolfe Research lowered their target price on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a report on Monday, December 15th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Monday, December 15th. Finally, Daiwa Capital Markets reduced their price objective on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $260.17.

T-Mobile US Stock Up 0.6%

Shares of TMUS stock opened at $198.81 on Friday. The firm’s fifty day moving average price is $208.54 and its two-hundred day moving average price is $227.90. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 1 year low of $194.01 and a 1 year high of $276.49. The firm has a market capitalization of $222.37 billion, a P/E ratio of 19.12, a PEG ratio of 1.28 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.61 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s payout ratio is 39.23%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Srini Gopalan bought 9,800 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. The trade was a 12.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 915,016 shares of company stock worth $208,006,290. Insiders own 0.37% of the company’s stock.

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.