Birchcreek Wealth Management LLC Trims Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Birchcreek Wealth Management LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 997 shares of the Wireless communications provider’s stock after selling 231 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in T-Mobile US were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. FMR LLC raised its position in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Barclays PLC raised its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Wellington Management Group LLP raised its position in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the period. Franklin Resources Inc. raised its position in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the period. Finally, Nordea Investment Management AB grew its stake in T-Mobile US by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after acquiring an additional 397,345 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS stock opened at $265.17 on Monday. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $271.41. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $302.76 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The firm has a fifty day simple moving average of $230.98 and a 200-day simple moving average of $221.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. 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 declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TMUS. Benchmark restated a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research note on Tuesday, January 28th. Oppenheimer upped their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America increased their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $251.79.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida purchased 3,808 shares of T-Mobile US 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 acquisition, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by company insiders.

T-Mobile US 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.