Hennion & Walsh Asset Management Inc. Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Hennion & Walsh Asset Management Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,627 shares of the Wireless communications provider’s stock after selling 718 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in T-Mobile US were worth $3,670,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Foresight Capital Management Advisors Inc. raised its stake in shares of T-Mobile US by 20.0% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,485 shares of the Wireless communications provider’s stock worth $328,000 after purchasing an additional 248 shares during the period. Armstrong Advisory Group Inc. purchased a new stake in T-Mobile US during the fourth quarter worth about $69,000. ARS Wealth Advisors Group LLC bought a new stake in T-Mobile US in the fourth quarter worth about $246,000. Burney Co. boosted its stake in T-Mobile US by 126.9% in the fourth quarter. Burney Co. now owns 5,914 shares of the Wireless communications provider’s stock valued at $1,305,000 after acquiring an additional 3,307 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of T-Mobile US by 26.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,872 shares of the Wireless communications provider’s stock valued at $634,000 after acquiring an additional 592 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $215.75 on Friday. The stock’s 50-day simple moving average is $229.57 and its two-hundred day simple moving average is $209.94. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The firm has a market capitalization of $250.38 billion, a P/E ratio of 24.60, a P/E/G ratio of 1.05 and a beta of 0.56. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

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 for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the business earned $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research reports. TD Cowen lifted their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Oppenheimer boosted their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Barclays lifted their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $245.74.

Insider Transactions at T-Mobile US

In related news, 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 transaction of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’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 completion of the sale, the director now directly 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. In the last ninety days, insiders sold 164,200 shares of company stock valued at $37,407,303. 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.