T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.3% during the fourth quarter, Holdings Channel reports. The fund owned 4,998 shares of the Wireless communications provider’s stock after selling 68 shares during the quarter. Cigna Investments Inc. New’s holdings in T-Mobile US were worth $1,103,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. DT Investment Partners LLC boosted its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its stake in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Financial Life Planners acquired a new stake in T-Mobile US in the 4th quarter worth about $29,000. MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in T-Mobile US in the 3rd quarter worth about $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMUS. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. Oppenheimer lifted their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley began coverage on T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Finally, Bank of America raised their target price on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Seven 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 company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.79.

Insider Transactions at T-Mobile US

In related news, Director Andre Almeida bought 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,100 shares of company stock valued at $747,378. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 3.9 %

Shares of TMUS stock opened at $255.83 on Tuesday. 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, Inc. has a 1 year low of $158.84 and a 1 year high of $256.48. The stock has a fifty day moving average of $225.96 and a two-hundred day moving average of $215.97. The firm has a market capitalization of $292.09 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company 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 $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

T-Mobile US Company 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.