Campbell Newman Asset Management Inc. Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Campbell Newman Asset Management Inc. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,006 shares of the Wireless communications provider’s stock after selling 138 shares during the period. Campbell Newman Asset Management Inc.’s holdings in T-Mobile US were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. Dunhill Financial LLC lifted its position 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 during the period. MFA Wealth Advisors LLC boosted its holdings in T-Mobile US by 128.3% in 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 in the last quarter. Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the 3rd quarter worth approximately $34,000. Finally, Planning Capital Management Corp raised its stake in shares of T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 101 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other news, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction 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 approximately $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. The Goldman Sachs Group lifted 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. Morgan Stanley assumed coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. TD Cowen increased their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada cut T-Mobile US from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $255.00 to $240.00 in a report on Monday, January 6th. Seven 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. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Stock Up 1.1 %

Shares of T-Mobile US stock traded up $2.35 on Wednesday, hitting $216.53. 356,992 shares of the company’s stock traded hands, compared to its average volume of 3,462,068. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market cap of $251.28 billion, a P/E ratio of 24.69, a PEG ratio of 1.18 and a beta of 0.56. The firm’s 50-day moving average is $229.93 and its 200 day moving average is $209.91.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

About T-Mobile US

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.