Doheny Asset Management CA Sells 1,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Doheny Asset Management CA cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,006 shares of the Wireless communications provider’s stock after selling 1,000 shares during the quarter. Doheny Asset Management CA’s holdings in T-Mobile US were worth $803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. BluePath Capital Management LLC purchased a new stake in T-Mobile US in the third quarter worth about $26,000. Valley National Advisers Inc. lifted its stake in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMUS has been the topic of several research reports. Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Wells Fargo & Company lifted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada lifted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Tigress Financial lifted their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, TD Cowen dropped their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Buy” and a consensus target price of $186.33.

T-Mobile US Stock Down 0.2 %

T-Mobile US stock traded down $0.25 during mid-day trading on Thursday, hitting $165.22. The company had a trading volume of 1,588,109 shares, compared to its average volume of 4,527,279. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $162.65 and its two-hundred day moving average price is $157.56. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The company has a market capitalization of $193.61 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 9 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

Insider Activity

In other news, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction on Monday, February 5th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $161.65, for a total transaction of $31,507,201.50. Following the completion of the sale, the director now owns 687,981,731 shares in the company, valued at $111,212,246,816.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $161.80, for a total value of $1,945,159.60. Following the sale, the director now owns 13,014 shares of the company’s stock, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,980,169 shares of company stock valued at $970,759,660 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

T-Mobile US Company Profile

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.