Strategic Investment Advisors MI Sells 346 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Strategic Investment Advisors MI decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,127 shares of the Wireless communications provider’s stock after selling 346 shares during the period. Strategic Investment Advisors MI’s holdings in T-Mobile US were worth $690,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. KPP Advisory Services LLC lifted its stake in T-Mobile US by 2.6% during the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 45 shares during the last quarter. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Relyea Zuckerberg Hanson LLC lifted its stake in T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 48 shares during the last quarter. Old North State Trust LLC lifted its stake in T-Mobile US by 1.4% during the third quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after purchasing an additional 50 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in T-Mobile US by 1.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider’s stock worth $735,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TMUS. The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered T-Mobile US from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $240.00 to $220.00 in a research note on Monday, January 6th. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 target price for the company. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Finally, BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $245.74.

Insider Buying and Selling

In related news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was 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 $1,306,295.24. This represents a 16.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,200 shares of company stock worth $32,736,303 in the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.2 %

TMUS stock opened at $218.57 on Monday. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $248.15. The business’s 50 day moving average price is $226.93 and its two-hundred day moving average price is $211.85. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market capitalization of $253.65 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. T-Mobile US’s payout ratio is currently 40.14%.

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.