Hillsdale Investment Management Inc. Decreases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Hillsdale Investment Management Inc. trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,080 shares of the Wireless communications provider’s stock after selling 500 shares during the period. Hillsdale Investment Management Inc.’s holdings in T-Mobile US were worth $680,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC lifted its stake in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. Financial Life Planners purchased a new position in T-Mobile US during the fourth quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the third quarter worth $34,000. Finally, Bruce G. Allen Investments LLC grew its holdings in T-Mobile US by 79.3% in the 4th 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 in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Up 1.2 %

T-Mobile US stock opened at $258.96 on Tuesday. The firm has a market capitalization of $295.67 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64. 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 twelve month low of $159.14 and a twelve month high of $276.49. The stock’s fifty day simple moving average is $249.10 and its 200-day simple moving average is $231.22.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared 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 is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TMUS shares. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Bank of America raised their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Morgan Stanley assumed coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 target price for the company. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.80.

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.