Legacy Wealth Asset Management LLC Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Legacy Wealth Asset Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,856 shares of the Wireless communications provider’s stock after selling 138 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in T-Mobile US were worth $1,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. DT Investment Partners LLC lifted its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC raised its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after buying an additional 56 shares during the period. MFA Wealth Advisors LLC lifted its position in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the 3rd quarter worth approximately $34,000. Finally, Planning Capital Management Corp grew its position in T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 101 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 164,200 shares of company stock worth $37,407,303. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TMUS. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price on the stock. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Oppenheimer lifted their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, TD Cowen increased their price target on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Price Performance

TMUS opened at $215.75 on Friday. 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 company’s 50-day moving average price is $229.57 and its 200 day moving average price is $209.94. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The firm has a market cap of $250.38 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.

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

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

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.