RWA Wealth Partners LLC Sells 6,468 Shares of T-Mobile US, Inc. $TMUS

RWA Wealth Partners LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 12.5% during the third quarter, according to its most recent filing with the SEC. The fund owned 45,122 shares of the Wireless communications provider’s stock after selling 6,468 shares during the quarter. RWA Wealth Partners LLC’s holdings in T-Mobile US were worth $10,801,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares during the last quarter. State Street Corp lifted its position in shares of T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares during the last quarter. Franklin Resources Inc. increased its holdings in T-Mobile US by 5.2% in the 2nd quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after acquiring an additional 309,922 shares during the last quarter. Norges Bank bought a new stake in T-Mobile US in the 2nd quarter valued at about $1,477,780,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in T-Mobile US by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock valued at $793,848,000 after purchasing an additional 36,424 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US News Roundup

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

Insider Buying and Selling

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. The trade was a 34.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the sale, the director directly owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 674,971 shares of company stock worth $146,605,683 over the last 90 days. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TMUS. Scotiabank dropped their price target on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. BNP Paribas Exane decreased 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. Morgan Stanley cut their target price on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Wells Fargo & Company boosted their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. One research 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. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $257.09.

Check Out Our Latest Research Report on TMUS

T-Mobile US Price Performance

TMUS opened at $221.98 on Wednesday. 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 stock has a market capitalization of $244.59 billion, a P/E ratio of 22.86, a PEG ratio of 1.42 and a beta of 0.44. The stock has a 50-day moving average price of $199.64 and a 200-day moving average price of $217.53. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49.

T-Mobile US Announces Dividend

The firm also recently announced 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 of this dividend is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is currently 42.02%.

T-Mobile US Profile

(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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