West Michigan Advisors LLC Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

West Michigan Advisors LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,274 shares of the Wireless communications provider’s stock after selling 330 shares during the quarter. West Michigan Advisors LLC’s holdings in T-Mobile US were worth $502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $1,552,000. Trust Co. of Vermont boosted its stake in shares of T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares during the last quarter. Swedbank AB boosted its stake in shares of T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after acquiring an additional 12,411 shares during the last quarter. Finally, Rice Partnership LLC acquired a new stake in shares of T-Mobile US in the fourth quarter worth approximately $7,678,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $269.69 on Friday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $273.40. The business’s fifty day simple moving average is $235.52 and its 200-day simple moving average is $223.80. The firm has a market cap of $307.92 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. 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 (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, beating 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 forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current 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 issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.31%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction 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 sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research analyst reports. Barclays lifted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday. Bank of America boosted their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $251.79.

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.