Moloney Securities Asset Management LLC Lowers Stake in T-Mobile US, Inc. $TMUS

Moloney Securities Asset Management LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 58.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,007 shares of the Wireless communications provider’s stock after selling 6,985 shares during the period. Moloney Securities Asset Management LLC’s holdings in T-Mobile US were worth $1,199,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $1,477,780,000. Marshall Wace LLP raised its position in T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after acquiring an additional 1,878,654 shares during the period. Viking Global Investors LP raised its position in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the period. State Street Corp lifted its holdings in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP acquired a new stake in shares of T-Mobile US in the second quarter valued at about $160,945,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director directly owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 51,457 shares of company stock worth $11,149,636. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $197.35 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The stock’s fifty day moving average is $196.90 and its two-hundred day moving average is $219.93. The firm has a market capitalization of $220.74 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. 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 currently 39.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMUS. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, January 21st. BNP Paribas Exane lowered their price target 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. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Finally, Royal Bank Of Canada decreased their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $256.78.

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.