New Century Financial Group LLC Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

New Century Financial Group LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 21.1% during the 4th quarter, HoldingsChannel reports. The firm owned 1,372 shares of the Wireless communications provider’s stock after selling 368 shares during the period. New Century Financial Group LLC’s holdings in T-Mobile US were worth $301,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Secure Asset Management LLC lifted its stake in shares of T-Mobile US by 6.7% in the 4th quarter. Secure Asset Management LLC now owns 2,422 shares of the Wireless communications provider’s stock worth $535,000 after purchasing an additional 152 shares during the period. Donoghue Forlines LLC increased its holdings in T-Mobile US by 20.6% during the fourth quarter. Donoghue Forlines LLC now owns 9,119 shares of the Wireless communications provider’s stock valued at $2,013,000 after buying an additional 1,555 shares during the last quarter. Avior Wealth Management LLC raised its position in T-Mobile US by 76.3% in the fourth quarter. Avior Wealth Management LLC now owns 3,414 shares of the Wireless communications provider’s stock worth $754,000 after acquiring an additional 1,478 shares during the period. Mutual Advisors LLC boosted its stake in shares of T-Mobile US by 0.8% during the 4th quarter. Mutual Advisors LLC now owns 8,999 shares of the Wireless communications provider’s stock worth $1,942,000 after acquiring an additional 71 shares during the last quarter. Finally, True North Advisors LLC grew its position in shares of T-Mobile US by 14.4% during the 4th quarter. True North Advisors LLC now owns 1,230 shares of the Wireless communications provider’s stock valued at $271,000 after acquiring an additional 155 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

T-Mobile US stock opened at $218.57 on Friday. The company’s 50-day moving average price is $227.27 and its 200-day moving average price is $211.34. 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 company has a market cap of $253.65 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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. The company had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.3 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.61%. T-Mobile US’s payout ratio is presently 40.14%.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 144,200 shares of company stock worth $32,736,303 over the last three months. 0.67% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TMUS shares. Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Bank of America raised their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Benchmark boosted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

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.