Bright Futures Wealth Management LLC. Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Bright Futures Wealth Management LLC. decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,690 shares of the Wireless communications provider’s stock after selling 425 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in T-Mobile US were worth $868,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. JSF Financial LLC lifted its position in shares of T-Mobile US by 0.9% in the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $1,117,000 after acquiring an additional 44 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 45 shares in the last quarter. DT Investment Partners LLC lifted its holdings 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 worth $25,000 after purchasing an additional 47 shares in the last quarter. D Orazio & Associates Inc. lifted its holdings in shares of T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock worth $290,000 after buying an additional 47 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC lifted its holdings in shares of T-Mobile US by 4.3% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock worth $252,000 after buying an additional 47 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $265.08 on Friday. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $266.00. The firm’s fifty day simple moving average is $226.70 and its two-hundred day simple moving average is $217.39. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $302.65 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results 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%. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date 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 36.40%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Oppenheimer increased their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Citigroup raised their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research report on Thursday, December 12th. The Goldman Sachs Group raised their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Seven 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

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.