RWA Wealth Partners LLC Decreases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

RWA Wealth Partners LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 59,977 shares of the Wireless communications provider’s stock after selling 7,600 shares during the period. RWA Wealth Partners LLC’s holdings in T-Mobile US were worth $13,239,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TMUS. Dunhill Financial LLC grew its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Rakuten Securities Inc. grew its position in T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US during the 4th quarter valued at approximately $28,000. Financial Life Planners purchased a new position in shares of T-Mobile US in the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US during the third quarter worth $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 1.2 %

Shares of NASDAQ TMUS opened at $264.93 on Friday. The firm has a market cap of $302.48 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company’s 50-day simple moving average is $252.92 and its 200-day simple moving average is $232.89. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued 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 payout ratio is currently 36.40%.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Royal Bank of Canada raised their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, March 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.80.

About T-Mobile US

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.