WT Wealth Management Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

WT Wealth Management lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 19.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,416 shares of the Wireless communications provider’s stock after selling 1,734 shares during the quarter. WT Wealth Management’s holdings in T-Mobile US were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Private Wealth Management Group LLC purchased a new stake in shares of T-Mobile US during the fourth quarter valued at $27,000. Valley National Advisers Inc. grew its stake in T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in shares of T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the period. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US in the fourth quarter worth about $34,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock traded up $0.42 during trading on Friday, reaching $164.00. The company had a trading volume of 2,921,432 shares, compared to its average volume of 4,631,017. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The firm’s 50-day simple moving average is $162.45 and its 200 day simple moving average is $159.36. The firm has a market capitalization of $192.18 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.58 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TMUS shares. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Thursday. KeyCorp upped their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Tigress Financial lifted their price objective on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, TD Cowen lowered their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $186.33.

View Our Latest Stock Report on T-Mobile US

Insider Activity at T-Mobile US

In other news, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the transaction, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,670,580 shares of company stock valued at $1,085,516,139. 0.70% of the stock is owned by insiders.

T-Mobile US Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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