Hartford Investment Management Co. Sells 647 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Hartford Investment Management Co. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.1% during the 4th quarter, Holdings Channel reports. The firm owned 30,195 shares of the Wireless communications provider’s stock after selling 647 shares during the quarter. Hartford Investment Management Co.’s holdings in T-Mobile US were worth $6,665,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. DT Investment Partners LLC increased its holdings 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 worth $25,000 after buying an additional 47 shares in the last quarter. Dunhill Financial LLC grew its position in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter valued at $29,000. MFA Wealth Advisors LLC raised its position 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 valued at $28,000 after purchasing an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in T-Mobile US in the third quarter worth $34,000. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The shares were 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 $897,621.76. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 over the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Up 1.1 %

NASDAQ:TMUS opened at $258.70 on Wednesday. The stock has a 50-day simple moving average of $226.18 and a 200 day simple moving average of $216.54. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $259.46. The company has a market cap of $295.37 billion, a PE ratio of 26.75, a PEG ratio of 1.44 and a beta of 0.56. 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 (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TMUS. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted 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. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Finally, Tigress Financial lifted their target price on T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.79.

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.