Allworth Financial LP Has $1.46 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Allworth Financial LP cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,675 shares of the Wireless communications provider’s stock after selling 988 shares during the quarter. Allworth Financial LP’s holdings in T-Mobile US were worth $1,456,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TMUS. Barclays PLC increased its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new stake in T-Mobile US during the fourth quarter worth about $1,552,000. Trust Co. of Vermont boosted its position in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after purchasing an additional 2,865 shares during the last quarter. Finally, Swedbank AB grew its stake in T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 30th. UBS Group raised their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $251.79.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now owns 4,021 shares in the company, valued at approximately $989,166. This trade represents a 19.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 over the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $263.21 on Wednesday. The company has a market cap of $300.52 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a fifty day moving average price of $228.50 and a 200-day moving average price of $219.52.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

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.