Amalgamated Bank Has $20.42 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Amalgamated Bank decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,362 shares of the Wireless communications provider’s stock after selling 5,647 shares during the quarter. Amalgamated Bank’s holdings in T-Mobile US were worth $20,420,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Valley National Advisers Inc. boosted its position in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the last quarter. BluePath Capital Management LLC bought a new stake in T-Mobile US during the third quarter valued at $26,000. Baker Avenue Asset Management LP boosted its position in 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 acquiring an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of T-Mobile US during the 4th quarter worth about $34,000. Finally, Raleigh Capital Management Inc. boosted its position in shares of T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Michael J. Katz sold 6,655 shares of T-Mobile US stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the sale, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 13,014 shares in the company, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,359,509 shares of company stock worth $1,033,407,661. 0.70% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

Shares of T-Mobile US stock traded down $0.31 on Friday, hitting $164.60. 4,274,907 shares of the company traded hands, compared to its average volume of 4,547,083. The firm’s 50-day simple moving average is $162.68 and its 200 day simple moving average is $157.61. 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 company has a market cap of $192.89 billion, a P/E ratio of 22.39, a P/E/G ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.58 EPS. Analysts expect that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is presently 35.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. TD Cowen reduced their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Raymond James increased their target price 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. Citigroup increased their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $186.33.

T-Mobile US 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.