Smart Portfolios LLC Has $739,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Smart Portfolios LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,348 shares of the Wireless communications provider’s stock after selling 89 shares during the period. Smart Portfolios LLC’s holdings in T-Mobile US were worth $739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Dunhill Financial LLC raised its holdings in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Financial Life Planners bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the third quarter valued at about $34,000. Planning Capital Management Corp grew its position in shares of T-Mobile US by 134.7% in the third quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Trading Down 3.7 %

Shares of TMUS opened at $256.67 on Wednesday. The business’s fifty day moving average is $241.44 and its 200-day moving average is $227.54. The firm has a market cap of $293.05 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

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

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TMUS shares. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Oppenheimer upped their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Sanford C. Bernstein assumed coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Nine 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.10.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction 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 sale, the director now owns 5,653 shares in the company, 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. 0.67% of the stock is owned by corporate insiders.

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.