T-Mobile US, Inc. $TMUS Shares Sold by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 76.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,066 shares of the Wireless communications provider’s stock after selling 29,629 shares during the period. Neville Rodie & Shaw Inc.’s holdings in T-Mobile US were worth $1,841,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TMUS. Rockefeller Capital Management L.P. raised its position in shares of T-Mobile US by 5.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 38,522 shares of the Wireless communications provider’s stock worth $9,179,000 after purchasing an additional 2,070 shares during the last quarter. Portside Wealth Group LLC lifted its stake in T-Mobile US by 9.9% in the 2nd quarter. Portside Wealth Group LLC now owns 1,180 shares of the Wireless communications provider’s stock valued at $281,000 after buying an additional 106 shares in the last quarter. Primecap Management Co. CA boosted its holdings in T-Mobile US by 0.9% in the 2nd quarter. Primecap Management Co. CA now owns 545,949 shares of the Wireless communications provider’s stock worth $130,078,000 after buying an additional 4,940 shares during the last quarter. FineMark National Bank & Trust increased its stake in T-Mobile US by 17.8% during the 2nd quarter. FineMark National Bank & Trust now owns 6,640 shares of the Wireless communications provider’s stock worth $1,582,000 after buying an additional 1,002 shares in the last quarter. Finally, Quilter Plc increased its stake in T-Mobile US by 1.5% during the 2nd quarter. Quilter Plc now owns 421,280 shares of the Wireless communications provider’s stock worth $100,374,000 after buying an additional 6,398 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $206.59 on Friday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market capitalization of $227.63 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 1.35 and a beta of 0.43. The business has a 50 day simple moving average of $205.09 and a 200-day simple moving average of $213.62.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is presently 42.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TMUS shares. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Argus dropped their price target on 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. Wolfe Research reissued an “outperform” rating and issued a $255.00 price objective on shares of T-Mobile US in a research note on Thursday, February 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, UBS Group reaffirmed a “buy” rating 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, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.30.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 3,291 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares of the company’s stock, 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 ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is currently owned by company insiders.

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.