Private Advisor Group LLC Sells 1,911 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Private Advisor Group LLC decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 22,324 shares of the Wireless communications provider’s stock after selling 1,911 shares during the quarter. Private Advisor Group LLC’s holdings in T-Mobile US were worth $4,928,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Bryn Mawr Capital Management LLC grew its holdings in shares of T-Mobile US by 13,145.8% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 145,439 shares of the Wireless communications provider’s stock valued at $32,103,000 after acquiring an additional 144,341 shares in the last quarter. Lyell Wealth Management LP lifted its stake in T-Mobile US by 2.5% in the 4th quarter. Lyell Wealth Management LP now owns 27,607 shares of the Wireless communications provider’s stock valued at $6,094,000 after purchasing an additional 675 shares during the last quarter. Global Retirement Partners LLC lifted its stake in T-Mobile US by 48.6% in the 4th quarter. Global Retirement Partners LLC now owns 11,466 shares of the Wireless communications provider’s stock valued at $2,531,000 after purchasing an additional 3,748 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in T-Mobile US by 297.5% in the 4th quarter. Convergence Investment Partners LLC now owns 5,954 shares of the Wireless communications provider’s stock valued at $1,314,000 after purchasing an additional 4,456 shares during the last quarter. Finally, Davidson Investment Advisors lifted its stake in T-Mobile US by 1.3% in the 4th quarter. Davidson Investment Advisors now owns 122,926 shares of the Wireless communications provider’s stock valued at $27,133,000 after purchasing an additional 1,531 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Oppenheimer raised their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Tigress Financial raised their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, Royal Bank of Canada raised their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the transaction, the director now directly owns 4,021 shares in the company, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,100 shares of company stock valued at $747,378 over the last three months. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Down 0.1 %

NASDAQ TMUS opened at $265.17 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41. The company has a 50 day moving average of $230.98 and a 200-day moving average of $221.42. The company has a market cap of $302.76 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.