T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Lowered by Accurate Wealth Management LLC

Accurate Wealth Management LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,133 shares of the Wireless communications provider’s stock after selling 3,251 shares during the period. Accurate Wealth Management LLC’s holdings in T-Mobile US were worth $2,987,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. International Assets Investment Management LLC increased its stake in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares in the last quarter. Swedbank AB raised its holdings in T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after buying an additional 12,411 shares during the period. Passumpsic Savings Bank purchased a new stake in T-Mobile US during the third quarter valued at about $2,634,000. Finally, Nordea Investment Management AB boosted its holdings in shares of T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after buying an additional 397,345 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.3 %

Shares of TMUS stock opened at $214.18 on Wednesday. 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, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The firm’s fifty day simple moving average is $229.93 and its 200 day simple moving average is $209.91. The firm has a market capitalization of $248.55 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is presently 40.14%.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,200 shares of company stock worth $37,407,303. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Royal Bank of Canada downgraded shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $255.00 to $240.00 in a research report on Monday, January 6th. Scotiabank lifted their price target on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Benchmark upped their price target on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Finally, Bank of America upped their target price on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

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.