Johnson Financial Group Inc. Sells 2,536 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Johnson Financial Group Inc. trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 76.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 775 shares of the Wireless communications provider’s stock after selling 2,536 shares during the period. Johnson Financial Group Inc.’s holdings in T-Mobile US were worth $181,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Rakuten Securities Inc. boosted its holdings in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners bought a new stake in shares of T-Mobile US during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC raised its stake in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Albion Financial Group UT acquired a new stake in T-Mobile US in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TMUS. Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Benchmark reaffirmed a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.80.

T-Mobile US Trading Down 11.2 %

Shares of TMUS stock opened at $232.77 on Monday. The firm has a fifty day moving average of $260.36 and a 200-day moving average of $240.97. The stock has a market cap of $264.58 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 52-week low of $161.61 and a 52-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.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction 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 transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by insiders.

T-Mobile US 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.