T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Reduced by LGT Group Foundation

LGT Group Foundation lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,037 shares of the Wireless communications provider’s stock after selling 647 shares during the quarter. LGT Group Foundation’s holdings in T-Mobile US were worth $3,540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC grew its stake in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners purchased a new position in T-Mobile US in the fourth quarter valued at about $29,000. Legacy Investment Solutions LLC purchased a new position in T-Mobile US in the third quarter valued at about $34,000. Bruce G. Allen Investments LLC grew its stake in T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. Finally, Planning Capital Management Corp grew its stake 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 purchasing an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, 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 approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Up 1.2 %

T-Mobile US stock opened at $272.83 on Tuesday. The business has a 50 day moving average price of $236.54 and a two-hundred day moving average price of $224.74. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $311.50 billion, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49.

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

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.29%. T-Mobile US’s payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TMUS. Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Bank of America upped their price target 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. Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, JPMorgan Chase & Co. upped their price target on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $253.26.

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.