Strategy Asset Managers LLC Decreases Stock Holdings in T-Mobile US, Inc. $TMUS

Strategy Asset Managers LLC reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 43.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,240 shares of the Wireless communications provider’s stock after selling 3,315 shares during the period. Strategy Asset Managers LLC’s holdings in T-Mobile US were worth $1,015,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in T-Mobile US during the 2nd quarter valued at $25,000. United Community Bank lifted its holdings in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC grew its holdings in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 2nd quarter worth about $31,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 4.2%

T-Mobile US stock opened at $197.21 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The firm has a market cap of $220.58 billion, a PE ratio of 18.96, a P/E/G ratio of 1.09 and a beta of 0.44. The stock’s 50 day simple moving average is $197.76 and its two-hundred day simple moving average is $220.96. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider directly owned 156,203 shares in the company, valued at approximately $33,725,789.73. This trade represents a 1.58% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 51,457 shares of company stock worth $11,149,636 over the last three months. 0.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Morgan Stanley cut their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Wells Fargo & Company decreased their price objective on shares of T-Mobile US from $260.00 to $225.00 and set an “overweight” rating for the company in a research report on Monday, January 26th. Finally, KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.58.

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.