C M Bidwell & Associates Ltd. Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

C M Bidwell & Associates Ltd. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,491 shares of the Wireless communications provider’s stock after selling 44 shares during the period. C M Bidwell & Associates Ltd.’s holdings in T-Mobile US were worth $329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Principal Financial Group Inc. grew its holdings in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares in the last quarter. Glenmede Trust Co. NA lifted its position in T-Mobile US by 7.0% during the third quarter. Glenmede Trust Co. NA now owns 15,561 shares of the Wireless communications provider’s stock valued at $3,211,000 after purchasing an additional 1,012 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of T-Mobile US by 90.2% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,555 shares of the Wireless communications provider’s stock worth $527,000 after buying an additional 1,212 shares in the last quarter. Financial Counselors Inc. bought a new stake in shares of T-Mobile US in the 3rd quarter worth about $236,000. Finally, Cobblestone Capital Advisors LLC NY bought a new position in shares of T-Mobile US in the 3rd quarter valued at about $235,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Down 1.2 %

NASDAQ:TMUS opened at $264.93 on Monday. The firm has a 50-day simple moving average of $252.92 and a 200-day simple moving average of $233.13. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The firm has a market cap of $302.48 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. 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 issued 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%. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.33%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TMUS shares. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Benchmark restated a “buy” rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research note on Friday, March 21st. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Finally, Scotiabank lifted their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $256.80.

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.