T-Mobile US, Inc. (NASDAQ:TMUS) Stake Reduced by Sandy Spring Bank

Sandy Spring Bank cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,992 shares of the Wireless communications provider’s stock after selling 1,280 shares during the quarter. Sandy Spring Bank’s holdings in T-Mobile US were worth $4,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position 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 acquiring an additional 62 shares in the last quarter. Dunhill Financial LLC increased its stake in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Financial Life Planners acquired a new stake in T-Mobile US during the 4th quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the third quarter valued at about $34,000. Finally, Bruce G. Allen Investments LLC lifted its stake in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 73 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on TMUS. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Bank of America raised their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective for the company. Ten research 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $255.05.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction 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 in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Down 0.6 %

TMUS stock opened at $259.25 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49. The company has a fifty day simple moving average of $246.46 and a 200 day simple moving average of $229.77. The firm has a market cap of $296.00 billion, a PE ratio of 26.81, a PEG ratio of 1.55 and a beta of 0.64.

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

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is presently 36.40%.

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.