Waycross Investment Management Co Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Waycross Investment Management Co reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 8,259 shares of the Wireless communications provider’s stock after selling 139 shares during the period. T-Mobile US comprises approximately 1.9% of Waycross Investment Management Co’s holdings, making the stock its 16th biggest position. Waycross Investment Management Co’s holdings in T-Mobile US were worth $1,823,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. DT Investment Partners LLC grew its position in 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 worth $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC boosted its position 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 valued at $27,000 after acquiring an additional 56 shares during the last quarter. MFA Wealth Advisors LLC boosted its position 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 valued at $28,000 after acquiring an additional 77 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the third quarter worth about $34,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of T-Mobile US by 79.3% in 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 during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 206,969 shares of company stock worth $46,656,527. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TMUS shares. Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $255.00 to $240.00 in a research note on Monday, January 6th. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lowered T-Mobile US from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $240.00 to $220.00 in a research report on Monday, January 6th. Finally, Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.74.

T-Mobile US Stock Up 1.0 %

Shares of NASDAQ:TMUS opened at $213.46 on Tuesday. The firm has a market capitalization of $247.72 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.18 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock has a 50 day moving average price of $230.19 and a 200-day moving average price of $209.64. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.82 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is 40.14%.

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.