Trust Asset Management LLC Cuts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Trust Asset Management LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,091 shares of the Wireless communications provider’s stock after selling 770 shares during the period. Trust Asset Management LLC’s holdings in T-Mobile US were worth $977,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BluePath Capital Management LLC bought a new stake in T-Mobile US in the third quarter valued at approximately $26,000. Valley National Advisers Inc. lifted its position in T-Mobile US by 232.1% in the fourth 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 last quarter. Baker Avenue Asset Management LP lifted its position in T-Mobile US by 63.3% in 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 during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in T-Mobile US in the fourth quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. lifted its position in T-Mobile US by 54.5% in 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 during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.1 %

TMUS stock traded down $0.13 during midday trading on Thursday, hitting $164.05. The stock had a trading volume of 5,812,097 shares, compared to its average volume of 4,521,922. The firm has a market cap of $194.71 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. The business has a 50-day moving average of $162.44 and a two-hundred day moving average of $156.81. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.23). The firm had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 earnings per share. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors 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 annualized dividend and a yield of 1.58%. T-Mobile US’s payout ratio is 37.52%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $162.58, for a total value of $30,836,548.60. Following the sale, the director now directly owns 678,865,721 shares of the company’s stock, valued at $110,369,988,920.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $162.58, for a total value of $30,836,548.60. Following the sale, the director now directly owns 678,865,721 shares of the company’s stock, valued at $110,369,988,920.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,995,889 shares of company stock valued at $972,451,611. Insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. KeyCorp lowered their price objective on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Wells Fargo & Company boosted their price objective 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. Benchmark restated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. Tigress Financial upped their target price on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Raymond James upped their target price on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $185.93.

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.