Mission Wealth Management LP Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Mission Wealth Management LP trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 51.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,669 shares of the Wireless communications provider’s stock after selling 9,152 shares during the quarter. Mission Wealth Management LP’s holdings in T-Mobile US were worth $1,914,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC increased its holdings in shares of T-Mobile US by 3.5% in the 4th quarter. Fidelis Capital Partners LLC now owns 2,963 shares of the Wireless communications provider’s stock worth $705,000 after purchasing an additional 99 shares in the last quarter. LGT Fund Management Co Ltd. boosted its position in shares of T-Mobile US by 102.1% during the fourth quarter. LGT Fund Management Co Ltd. now owns 23,733 shares of the Wireless communications provider’s stock valued at $5,239,000 after buying an additional 11,987 shares during the last quarter. Plato Investment Management Ltd increased its holdings in T-Mobile US by 17.4% in the 4th quarter. Plato Investment Management Ltd now owns 16,742 shares of the Wireless communications provider’s stock worth $3,709,000 after buying an additional 2,478 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in T-Mobile US in the 4th quarter worth about $769,000. Finally, Jones Financial Companies Lllp lifted its stake in T-Mobile US by 40.0% during the 4th quarter. Jones Financial Companies Lllp now owns 23,909 shares of the Wireless communications provider’s stock valued at $5,277,000 after acquiring an additional 6,829 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TMUS shares. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Sanford C. Bernstein began coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $253.26.

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at $897,621.76. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US 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 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. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $272.83 on Tuesday. The company has a market cap of $311.50 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.55 and a beta of 0.56. The business’s 50 day moving average price is $236.54 and its 200-day moving average price is $224.74. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. 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 posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

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.