Park Place Capital Corp Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Park Place Capital Corp reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,345 shares of the Wireless communications provider’s stock after selling 551 shares during the period. Park Place Capital Corp’s holdings in T-Mobile US were worth $959,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. DT Investment Partners LLC boosted its position in T-Mobile US by 65.3% during the third 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. Dunhill Financial LLC grew its position in shares of 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 acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US during the third quarter worth $34,000. Finally, Bruce G. Allen Investments LLC lifted its position in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 0.3 %

NASDAQ:TMUS opened at $218.83 on Wednesday. The company has a market capitalization of $253.95 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.09 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15. The stock has a fifty day simple moving average of $228.16 and a 200-day simple moving average of $211.26.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post 9.3 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Tigress Financial raised their price target on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Citigroup raised their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America boosted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen boosted their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the transaction, the chief financial officer now owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This trade represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock valued at $37,407,303 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

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.