Burling Wealth Partners LLC Has $6.04 Million Stock Position in T-Mobile US, Inc. $TMUS

Burling Wealth Partners LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 30.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,240 shares of the Wireless communications provider’s stock after acquiring an additional 5,855 shares during the quarter. T-Mobile US comprises approximately 1.0% of Burling Wealth Partners LLC’s holdings, making the stock its 25th largest holding. Burling Wealth Partners LLC’s holdings in T-Mobile US were worth $6,042,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in T-Mobile US during the second quarter valued at about $1,477,780,000. Marshall Wace LLP increased its position in shares of T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares during the period. Viking Global Investors LP raised its stake in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. State Street Corp lifted its position in T-Mobile US by 4.5% in the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. Finally, Crake Asset Management LLP acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at about $160,945,000. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 6,274 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $219.69, for a total value of $1,378,335.06. Following the completion of the transaction, the insider owned 68,006 shares of the company’s stock, valued at $14,940,238.14. The trade was a 8.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. The trade was a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 567,971 shares of company stock valued at $123,609,263. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 2.9%

NASDAQ:TMUS opened at $213.25 on Thursday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The business’s 50-day moving average price is $197.88 and its two-hundred day moving average price is $218.35. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $234.97 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.40 and a beta of 0.44.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. T-Mobile US’s payout ratio is currently 42.02%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TMUS. BNP Paribas Exane lowered their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. TD Cowen decreased their price target on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday. Royal Bank Of Canada cut their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Profile

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.