Keeler Thomas Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 38.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,552 shares of the Wireless communications provider’s stock after selling 3,538 shares during the quarter. Keeler Thomas Management LLC’s holdings in T-Mobile US were worth $1,127,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. JDM Financial Group LLC increased 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 worth $25,000 after acquiring an additional 65 shares during the period. Turning Point Benefit Group Inc. increased 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 worth $32,000 after acquiring an additional 153 shares during the period. United Community Bank increased its stake in shares of T-Mobile US by 78.8% during the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 82 shares during the period. Ares Financial Consulting LLC acquired a new position in shares of T-Mobile US during the fourth quarter worth about $38,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of T-Mobile US during the third quarter worth about $45,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Moffett Nathanson upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target on the stock in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Arete Research upped their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Scotiabank lowered their target price on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of T-Mobile US in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $260.48.
Insider Activity
In other T-Mobile US news, insider Andre Almeida purchased 5,097 shares of the stock in a transaction dated Friday, May 1st. The shares were acquired at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the transaction, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.32% of the company’s stock.
T-Mobile US Trading Up 0.1%
Shares of TMUS opened at $185.82 on Friday. The firm’s 50-day moving average is $191.30 and its two-hundred day moving average is $199.77. The firm has a market capitalization of $201.09 billion, a P/E ratio of 19.77, a PEG ratio of 1.08 and a beta of 0.31. T-Mobile US, Inc. has a twelve month low of $174.02 and a twelve month high of $261.56. 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 (NASDAQ:TMUS – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.58 earnings per share. On average, research analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.
T-Mobile US Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Friday, May 29th were given a $1.02 dividend. The ex-dividend date was Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio is currently 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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