MassMutual Private Wealth & Trust FSB Lowers Stake in T-Mobile US, Inc. $TMUS

MassMutual Private Wealth & Trust FSB lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,874 shares of the Wireless communications provider’s stock after selling 3,640 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in T-Mobile US were worth $2,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the 2nd quarter worth $25,000. United Community Bank boosted its position in T-Mobile US by 131.1% during the third 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 grew its stake in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the second quarter valued at about $31,000. Finally, Kilter Group LLC bought a new position in T-Mobile US in the second quarter worth about $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Royal Bank Of Canada decreased their price target on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Barclays lifted their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. TD Cowen decreased their target price on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. 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. Finally, The Goldman Sachs Group lifted their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.30.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $208.47 on Friday. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. The company has a market cap of $229.70 billion, a PE ratio of 21.47, a P/E/G ratio of 1.36 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The business has a 50-day simple moving average of $205.25 and a two-hundred day simple moving average of $213.02.

T-Mobile US Dividend Announcement

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

Insider Buying and Selling

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director G Michael Sievert sold 1,089 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total transaction of $241,594.65. Following the sale, the director owned 125,696 shares of the company’s stock, valued at $27,885,657.60. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock worth $150,847,799 over the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Company 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.