D.A. Davidson & CO. Has $7.85 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

D.A. Davidson & CO. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,574 shares of the Wireless communications provider’s stock after selling 668 shares during the period. D.A. Davidson & CO.’s holdings in T-Mobile US were worth $7,852,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. DT Investment Partners LLC increased its stake in shares of T-Mobile US by 65.3% during the 3rd 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 during the last quarter. Dunhill Financial LLC increased its stake in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US during the 4th quarter worth $29,000. MFA Wealth Advisors LLC increased its stake in shares of 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 worth $28,000 after purchasing an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Bank of America upped their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Seven equities research 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $263.21 on Wednesday. The company has a 50-day moving average of $228.50 and a 200-day moving average of $219.52. The company has a market capitalization of $300.52 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $271.41. 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 released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,100 shares of company stock worth $747,378 in the last quarter. 0.67% of the stock is owned by corporate insiders.

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.