Callan Capital LLC Trims Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Callan Capital LLC reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,621 shares of the Wireless communications provider’s stock after selling 83 shares during the period. Callan Capital LLC’s holdings in T-Mobile US were worth $420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TMUS. Exchange Traded Concepts LLC lifted its holdings in shares of T-Mobile US by 4,568.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,528 shares of the Wireless communications provider’s stock worth $634,000 after acquiring an additional 4,431 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of T-Mobile US by 1.8% during the 3rd quarter. Private Trust Co. NA now owns 6,381 shares of the Wireless communications provider’s stock worth $894,000 after acquiring an additional 110 shares during the last quarter. CX Institutional lifted its holdings in shares of T-Mobile US by 32.7% during the 3rd quarter. CX Institutional now owns 4,291 shares of the Wireless communications provider’s stock worth $601,000 after acquiring an additional 1,058 shares during the last quarter. Keudell Morrison Wealth Management bought a new stake in shares of T-Mobile US during the 3rd quarter worth $205,000. Finally, Czech National Bank lifted its holdings in shares of T-Mobile US by 32.7% during the 3rd quarter. Czech National Bank now owns 90,474 shares of the Wireless communications provider’s stock worth $12,671,000 after acquiring an additional 22,303 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Teresa Taylor sold 12,022 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the transaction, the director now directly owns 13,014 shares of the company’s stock, valued at $2,105,665.20. The disclosure for this sale can be found here. Insiders sold a total of 6,180,319 shares of company stock valued at $1,002,629,987 over the last three months. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Stock Down 0.1 %

Shares of NASDAQ TMUS traded down $0.09 during midday trading on Friday, hitting $163.96. The stock had a trading volume of 7,968,973 shares, compared to its average volume of 4,564,574. The business’s 50 day moving average is $162.51 and its 200-day moving average is $156.98. The company has a market cap of $194.60 billion, a P/E ratio of 23.66, a PEG ratio of 0.68 and a beta of 0.49. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same period last year, the firm earned $1.58 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. As a group, analysts predict that T-Mobile US, Inc. will post 8.83 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio (DPR) is presently 37.52%.

Analysts Set New Price Targets

Several research firms have weighed in on TMUS. Tigress Financial boosted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. KeyCorp boosted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Finally, Raymond James boosted their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $186.33.

About T-Mobile US

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.