Howard Bailey Securities LLC Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Howard Bailey Securities LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,098 shares of the Wireless communications provider’s stock after selling 173 shares during the period. Howard Bailey Securities LLC’s holdings in T-Mobile US were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Hemington Wealth Management increased its stake in T-Mobile US by 10.4% during the fourth quarter. Hemington Wealth Management now owns 521 shares of the Wireless communications provider’s stock worth $115,000 after purchasing an additional 49 shares during the period. Warren Street Wealth Advisors LLC increased its stake in T-Mobile US by 4.3% during the 4th 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 during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of T-Mobile US in the fourth quarter worth $559,000. Van ECK Associates Corp increased its position in shares of T-Mobile US by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider’s stock worth $4,603,000 after acquiring an additional 625 shares during the period. Finally, Avidian Wealth Enterprises LLC raised its stake in shares of T-Mobile US by 5.7% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 1,277 shares of the Wireless communications provider’s stock valued at $282,000 after acquiring an additional 69 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Down 1.3 %

TMUS opened at $255.28 on Thursday. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $259.59. The company has a market cap of $291.46 billion, a price-to-earnings ratio of 26.40, a PEG ratio of 1.44 and a beta of 0.56. The business’s fifty day moving average is $226.45 and its two-hundred day moving average is $217.12. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insider Activity at T-Mobile US

In other news, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction on Monday, December 9th. The shares were bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on TMUS. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Bank of America boosted 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. Benchmark reiterated a “buy” rating and set a $255.00 target price on shares of T-Mobile US in a research note on Tuesday, January 28th. Finally, Scotiabank upped their price objective on T-Mobile US from $234.00 to $247.00 and gave the stock a “sector perform” rating in a research report 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.