T-Mobile US, Inc. $TMUS Stake Decreased by Seaview Investment Managers LLC

Seaview Investment Managers LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 25.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,206 shares of the Wireless communications provider’s stock after selling 11,197 shares during the period. T-Mobile US makes up about 2.8% of Seaview Investment Managers LLC’s investment portfolio, making the stock its 22nd largest holding. Seaview Investment Managers LLC’s holdings in T-Mobile US were worth $7,710,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TMUS. Haven Private LLC boosted its position in T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after acquiring an additional 42 shares during the period. Cetera Trust Company N.A raised its stake in shares of T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after purchasing an additional 45 shares in the last quarter. L2 Asset Management LLC lifted its holdings in T-Mobile US by 2.2% in the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after purchasing an additional 45 shares during the period. City Holding Co. grew its position in T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. Finally, PAX Financial Group LLC increased its stake in T-Mobile US by 4.1% during the 2nd quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 47 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider directly owned 156,203 shares in the company, valued at $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares of the company’s stock, valued at $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 51,457 shares of company stock valued at $11,149,636 over the last three months. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Up 0.9%

Shares of NASDAQ TMUS opened at $199.43 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49. The company has a market cap of $223.06 billion, a price-to-earnings ratio of 19.18, a P/E/G ratio of 1.09 and a beta of 0.44. The business has a fifty day simple moving average of $196.50 and a 200-day simple moving average of $219.17.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s payout ratio is presently 39.23%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TMUS shares. Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, January 21st. Sanford C. Bernstein cut their target price on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $256.78.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.