T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Reduced by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,125 shares of the Wireless communications provider’s stock after selling 310 shares during the quarter. Lake Street Private Wealth LLC’s holdings in T-Mobile US were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Merit Financial Group LLC increased its stake in T-Mobile US by 206.6% during the 4th quarter. Merit Financial Group LLC now owns 7,257 shares of the Wireless communications provider’s stock valued at $1,602,000 after buying an additional 4,890 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 48 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of T-Mobile US by 3.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,966 shares of the Wireless communications provider’s stock valued at $655,000 after acquiring an additional 105 shares during the period. Avanza Fonder AB bought a new stake in T-Mobile US during the fourth quarter worth approximately $8,218,000. Finally, Procyon Advisors LLC lifted its position in T-Mobile US by 7.1% in the fourth quarter. Procyon Advisors LLC now owns 19,535 shares of the Wireless communications provider’s stock worth $4,312,000 after purchasing an additional 1,288 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. Bank of America boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Benchmark upped their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Scotiabank lifted their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Seven research 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.com, the company has an average rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Stock Performance

TMUS stock opened at $218.97 on Friday. The firm has a 50 day simple moving average of $228.93 and a 200 day simple moving average of $210.26. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The stock has a market cap of $254.11 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.05 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.

T-Mobile US (NASDAQ:TMUS) last issued 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 net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the business posted $1.82 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock valued at $37,407,303 in the last three months. Corporate insiders own 0.67% of the company’s stock.

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.