Hillsdale Investment Management Inc. Lowers Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Hillsdale Investment Management Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,080 shares of the Wireless communications provider’s stock after selling 500 shares during the period. Hillsdale Investment Management Inc.’s holdings in T-Mobile US were worth $680,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMUS. Forefront Wealth Management Inc. bought a new position in shares of T-Mobile US in the 4th quarter worth $2,540,000. American Century Companies Inc. grew its stake in T-Mobile US by 5.4% in the fourth quarter. American Century Companies Inc. now owns 361,889 shares of the Wireless communications provider’s stock valued at $79,880,000 after purchasing an additional 18,497 shares during the last quarter. Vestor Capital LLC raised its holdings in T-Mobile US by 3,403.2% in the fourth quarter. Vestor Capital LLC now owns 15,134 shares of the Wireless communications provider’s stock worth $3,341,000 after purchasing an additional 14,702 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of T-Mobile US by 45.4% during the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock valued at $10,197,000 after buying an additional 14,418 shares during the last quarter. Finally, Sciencast Management LP bought a new stake in shares of T-Mobile US in the 4th quarter valued at about $3,042,000. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several recent analyst reports. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Bank of America increased their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.80.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $258.96 on Tuesday. The company has a 50 day moving average price of $249.10 and a 200-day moving average price of $231.22. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The firm has a market cap of $295.67 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping 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%. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.