T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Trimmed by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,105 shares of the Wireless communications provider’s stock after selling 517 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in T-Mobile US were worth $685,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dunhill Financial LLC boosted 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 purchasing an additional 56 shares in the last quarter. Rakuten Securities Inc. boosted its stake in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners acquired a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the 3rd quarter valued at about $34,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

TMUS opened at $258.96 on Tuesday. The stock has a 50-day moving average of $249.10 and a 200-day moving average of $231.22. 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, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The company has a market cap of $295.67 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

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 issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a report on Thursday, December 12th. Scotiabank lifted their price target on 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. Finally, Morgan Stanley assumed coverage on T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $255.80.

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.