USA Financial Formulas Has $2.80 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

USA Financial Formulas trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 19.5% during the fourth quarter, Holdings Channel reports. The firm owned 12,691 shares of the Wireless communications provider’s stock after selling 3,070 shares during the quarter. T-Mobile US comprises 0.4% of USA Financial Formulas’ portfolio, making the stock its 10th largest holding. USA Financial Formulas’ holdings in T-Mobile US were worth $2,801,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TMUS. DT Investment Partners LLC raised 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 valued at $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC raised its stake 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 valued at $27,000 after acquiring an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised its stake in 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 in the last quarter. Legacy Investment Solutions LLC acquired a new position in T-Mobile US during the 3rd quarter worth $34,000. Finally, Planning Capital Management Corp increased its holdings in shares of 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 valued at $36,000 after purchasing an additional 101 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the transaction, the chief financial officer now owns 61,307 shares in the company, valued at $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now directly owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock worth $37,407,303 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TMUS. UBS Group upped their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada cut shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $255.00 to $240.00 in a report on Monday, January 6th. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $240.00 to $220.00 in a research note on Monday, January 6th. Sanford C. Bernstein started coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Finally, Evercore ISI boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Stock Up 0.0 %

Shares of NASDAQ:TMUS opened at $214.20 on Thursday. The firm has a 50 day simple moving average of $229.93 and a 200 day simple moving average of $209.91. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. 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 company has a market cap of $248.58 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the prior year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts expect that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Dividend Announcement

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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.64%. T-Mobile US’s dividend payout ratio (DPR) is presently 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.