T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Lessened by USA Financial Formulas

USA Financial Formulas cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,691 shares of the Wireless communications provider’s stock after selling 3,070 shares during the quarter. T-Mobile US makes up approximately 0.4% of USA Financial Formulas’ portfolio, making the stock its 10th largest holding. USA Financial Formulas’ holdings in T-Mobile US were worth $2,801,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. DT Investment Partners LLC raised its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. Dunhill Financial LLC grew its holdings 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 buying an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised its position in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the third quarter valued at approximately $34,000. Finally, Bruce G. Allen Investments LLC lifted its stake in shares of T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 73 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TMUS. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Barclays increased their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Benchmark lifted their price target on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Tigress Financial upped their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Trading Up 0.0 %

TMUS opened at $214.20 on Thursday. The firm’s 50 day moving average is $229.93 and its 200-day moving average is $209.91. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $248.58 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.05 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. Analysts expect that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now owns 4,400 shares of the company’s stock, valued at approximately $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,200 shares of company stock worth $37,407,303 in the last 90 days. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Company 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.