T-Mobile US, Inc. (NASDAQ:TMUS) Stake Decreased by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 311,803 shares of the Wireless communications provider’s stock after selling 4,086 shares during the quarter. T-Mobile US accounts for 1.8% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 27th biggest position. Reaves W H & Co. Inc.’s holdings in T-Mobile US were worth $68,824,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TMUS. Dunhill Financial LLC raised its holdings in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners bought a new stake in T-Mobile US during the fourth quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new stake in T-Mobile US during the third quarter worth approximately $34,000. Bruce G. Allen Investments LLC raised its holdings in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares in the last quarter. Finally, Planning Capital Management Corp raised its holdings in T-Mobile US by 134.7% during the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Barclays lifted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Tigress Financial restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Finally, KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.26.

T-Mobile US Trading Up 1.2 %

T-Mobile US stock opened at $272.83 on Tuesday. The company’s fifty day simple moving average is $236.54 and its 200-day simple moving average is $224.74. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49. The stock has a market cap of $311.50 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate 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, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is presently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction that occurred on Monday, December 9th. The stock was acquired 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 in the company, valued at $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is 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.