Princeton Global Asset Management LLC Decreases Stake in T-Mobile US, Inc. $TMUS

Princeton Global Asset Management LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,641 shares of the Wireless communications provider’s stock after selling 4,537 shares during the period. Princeton Global Asset Management LLC’s holdings in T-Mobile US were worth $3,582,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US in the second quarter worth about $25,000. United Community Bank grew its stake in T-Mobile US by 131.1% during 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 in the last quarter. Elevation Wealth Partners LLC increased its holdings in T-Mobile US by 190.0% during the 3rd 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 last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the 2nd quarter worth approximately $31,000. Finally, City Holding Co. raised its position in shares of T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays increased their target price on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Royal Bank Of Canada cut their price target on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Argus dropped their target price on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. Finally, Citigroup upped their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.26.

Insider Buying and Selling at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction of $517,923.02. Following the sale, the insider 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. This represents a 38.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

TMUS stock opened at $201.40 on Friday. The stock’s 50 day simple moving average is $209.32 and its 200 day simple moving average is $210.51. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The firm has a market cap of $221.92 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.32 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 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.