Magnus Financial Group LLC Sells 200 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Magnus Financial Group LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,065 shares of the Wireless communications provider’s stock after selling 200 shares during the period. Magnus Financial Group LLC’s holdings in T-Mobile US were worth $235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DT Investment Partners LLC grew its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. Dunhill Financial LLC grew its holdings in 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 during the period. MFA Wealth Advisors LLC increased its stake in 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 in the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the third quarter valued at about $34,000. Finally, Planning Capital Management Corp boosted its position in shares of T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 144,200 shares of company stock valued at $32,736,303 in the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $216.04 on Friday. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The stock has a market capitalization of $250.71 billion, a P/E ratio of 24.63, a PEG ratio of 1.09 and a beta of 0.56. The stock has a 50-day moving average price of $227.70 and a 200-day moving average price of $211.31. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.82 EPS. Equities analysts predict that T-Mobile US, Inc. will post 9.3 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, March 13th. Investors of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TMUS. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Citigroup lifted their price target on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Finally, Tigress Financial lifted their price objective on shares of T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $245.74.

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.