Dakota Wealth Management Acquires 11,110 Shares of T-Mobile US, Inc. $TMUS

Dakota Wealth Management lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 18.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,378 shares of the Wireless communications provider’s stock after buying an additional 11,110 shares during the period. Dakota Wealth Management’s holdings in T-Mobile US were worth $14,696,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Howard Hughes Medical Institute bought a new position in T-Mobile US in the second quarter valued at about $25,000. United Community Bank lifted its holdings in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $31,000. Finally, City Holding Co. boosted its stake in shares of 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 purchasing an additional 46 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

Insider Buying and Selling

In related news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer directly owned 51,573 shares in the company, valued at $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on TMUS. Scotiabank lowered their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 12th. Royal Bank Of Canada cut their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Barclays upped their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. The Goldman Sachs Group increased their price target on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.30.

View Our Latest Stock Analysis on T-Mobile US

T-Mobile US Stock Up 0.1%

NASDAQ:TMUS opened at $211.59 on Friday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The company has a market cap of $233.14 billion, a PE ratio of 21.79, a P/E/G ratio of 1.38 and a beta of 0.43. The firm’s 50 day simple moving average is $206.71 and its 200 day simple moving average is $212.14.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, May 29th. T-Mobile US’s payout ratio is 42.02%.

About T-Mobile US

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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