Wambolt & Associates LLC Sells 2,535 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Wambolt & Associates LLC cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,212 shares of the Wireless communications provider’s stock after selling 2,535 shares during the period. Wambolt & Associates LLC’s holdings in T-Mobile US were worth $2,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Florida Financial Advisors LLC purchased a new position in T-Mobile US during the fourth quarter valued at $362,000. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of T-Mobile US by 12.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 26,115 shares of the Wireless communications provider’s stock valued at $5,764,000 after purchasing an additional 2,884 shares in the last quarter. Keystone Investors PTE Ltd. purchased a new position in shares of T-Mobile US during the fourth quarter valued at about $259,000. Signature Estate & Investment Advisors LLC increased its holdings in shares of T-Mobile US by 8.6% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 12,502 shares of the Wireless communications provider’s stock worth $2,760,000 after purchasing an additional 986 shares during the last quarter. Finally, TIAA Trust National Association lifted its position in shares of T-Mobile US by 7.3% in the fourth quarter. TIAA Trust National Association now owns 7,664 shares of the Wireless communications provider’s stock worth $1,692,000 after buying an additional 520 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $258.96 on Tuesday. The company has a market capitalization of $295.67 billion, a PE ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a 50-day simple moving average of $249.10 and a two-hundred day simple moving average of $231.22. T-Mobile US, Inc. has a one year low of $159.14 and a one year 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 issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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%. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated 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 of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent research reports. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a report on Friday, March 14th. Hsbc Global Res cut shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Sanford C. Bernstein began coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.80.

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.