Aveo Capital Partners LLC Reduces Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Aveo Capital Partners LLC trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.1% during the fourth quarter, Holdings Channel reports. The fund owned 1,784 shares of the Wireless communications provider’s stock after selling 77 shares during the period. Aveo Capital Partners LLC’s holdings in T-Mobile US were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. DT Investment Partners LLC raised its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Dunhill Financial LLC increased its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC raised its position in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Financial Life Planners purchased a new stake in shares of T-Mobile US during the 4th quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new position in T-Mobile US in the 3rd quarter worth approximately $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred 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 $989,166. This trade represents a 19.92 % decrease in their position. 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. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several recent research reports. Barclays increased their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Bank of America increased their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. TD Cowen lifted their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group lifted their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $270.82 on Friday. The firm has a market capitalization of $309.21 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $271.41. The business’s 50-day moving average price is $227.66 and its 200-day moving average price is $218.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.30%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 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.