T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Connable Office Inc.

Connable Office Inc. cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,144 shares of the Wireless communications provider’s stock after selling 243 shares during the quarter. Connable Office Inc.’s holdings in T-Mobile US were worth $3,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Anfield Capital Management LLC boosted its position in T-Mobile US by 23.7% during the fourth quarter. Anfield Capital Management LLC now owns 449 shares of the Wireless communications provider’s stock worth $99,000 after acquiring an additional 86 shares during the last quarter. Metis Global Partners LLC boosted its position in T-Mobile US by 4.6% during the fourth quarter. Metis Global Partners LLC now owns 17,837 shares of the Wireless communications provider’s stock worth $3,937,000 after acquiring an additional 778 shares during the last quarter. Bank OZK boosted its position in T-Mobile US by 3.6% during the fourth quarter. Bank OZK now owns 15,485 shares of the Wireless communications provider’s stock worth $3,418,000 after acquiring an additional 543 shares during the last quarter. SVB Wealth LLC acquired a new position in T-Mobile US in the 4th quarter valued at about $1,060,000. Finally, Flputnam Investment Management Co. boosted its holdings in T-Mobile US by 0.9% in the 4th quarter. Flputnam Investment Management Co. now owns 149,352 shares of the Wireless communications provider’s stock valued at $32,966,000 after purchasing an additional 1,346 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Andre Almeida acquired 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought 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 approximately $897,621.76. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now directly 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. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $269.69 on Friday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $273.40. The firm’s 50 day moving average price is $235.52 and its 200 day moving average price is $223.80. The company has a market cap of $307.92 billion, a P/E ratio of 27.89, a PEG ratio of 1.55 and a beta of 0.56. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

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

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TMUS shares. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a report on Thursday, December 12th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Oppenheimer boosted their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday. Finally, Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.79.

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.