CSM Advisors LLC Sells 1,900 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

CSM Advisors LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 76,419 shares of the Wireless communications provider’s stock after selling 1,900 shares during the period. T-Mobile US accounts for about 1.1% of CSM Advisors LLC’s investment portfolio, making the stock its 29th largest holding. CSM Advisors LLC’s holdings in T-Mobile US were worth $16,871,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in shares of T-Mobile US in the 4th quarter worth $1,552,000. Trust Co. of Vermont lifted its holdings in shares of T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after purchasing an additional 2,865 shares in the last quarter. Rice Partnership LLC bought a new stake in T-Mobile US during the 4th quarter valued at $7,678,000. Finally, Exchange Traded Concepts LLC raised its holdings in T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after buying an additional 49,775 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TMUS shares. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $256.80.

T-Mobile US Trading Up 1.9 %

Shares of TMUS opened at $258.30 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $160.62 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company’s fifty day moving average is $261.36 and its 200 day moving average is $239.91. The stock has a market capitalization of $294.91 billion, a PE ratio of 26.71, a P/E/G ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Insider Buying and Selling

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

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.