T-Mobile US, Inc. $TMUS Stock Position Decreased by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 91.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 294 shares of the Wireless communications provider’s stock after selling 3,097 shares during the period. GPS Wealth Strategies Group LLC’s holdings in T-Mobile US were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TMUS. Sei Investments Co. grew its position in shares of T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after buying an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC grew its position in shares of T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $375,000. Raymond James Financial Inc. grew its position in shares of T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP grew its position in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research report on Thursday, February 19th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Thursday, April 16th. They set an “overweight” rating and a $260.00 target price for the company. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a research note on Monday, April 13th. Finally, Arete Research boosted their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $260.48.

Insider Buying and Selling

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 25,620 shares of company stock worth $5,527,602. Company insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 0.3%

T-Mobile US stock opened at $191.47 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $198.67 and a two-hundred day moving average price of $202.24. The firm has a market capitalization of $207.21 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.11 and a beta of 0.33. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.58 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 43.40%.

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.