Dana Investment Advisors Inc. Sells 678 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Dana Investment Advisors Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,791 shares of the Wireless communications provider’s stock after selling 678 shares during the period. T-Mobile US accounts for approximately 0.7% of Dana Investment Advisors Inc.’s portfolio, making the stock its 28th largest position. Dana Investment Advisors Inc.’s holdings in T-Mobile US were worth $21,365,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC lifted its holdings in shares of T-Mobile US by 76.7% during 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 last quarter. Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter valued at $29,000. Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the 3rd quarter valued at $34,000. Planning Capital Management Corp increased its stake in shares of T-Mobile US by 134.7% in the 3rd 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. Finally, Bruce G. Allen Investments LLC increased its stake in shares of T-Mobile US by 79.3% in the 4th 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. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of analyst reports. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $254.10.

Insider Transactions at T-Mobile US

In related news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on 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. The trade was a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

NASDAQ TMUS opened at $262.74 on Thursday. The firm’s fifty day simple moving average is $238.17 and its two-hundred day simple moving average is $225.48. The company has a current ratio of 0.91, a quick ratio of 0.83 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 firm has a market capitalization of $299.98 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

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.