Buckingham Capital Management Inc. Sells 4,374 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Buckingham Capital Management Inc. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,644 shares of the Wireless communications provider’s stock after selling 4,374 shares during the period. T-Mobile US makes up about 1.5% of Buckingham Capital Management Inc.’s holdings, making the stock its 20th biggest holding. Buckingham Capital Management Inc.’s holdings in T-Mobile US were worth $13,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in TMUS. Kestra Investment Management LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at about $50,000. Atria Wealth Solutions Inc. boosted its stake in T-Mobile US by 13.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 17,005 shares of the Wireless communications provider’s stock worth $3,754,000 after buying an additional 1,950 shares in the last quarter. Fortis Group Advisors LLC grew its position in T-Mobile US by 1.8% during the fourth quarter. Fortis Group Advisors LLC now owns 3,579 shares of the Wireless communications provider’s stock valued at $790,000 after acquiring an additional 65 shares during the last quarter. Empower Advisory Group LLC raised its stake in shares of T-Mobile US by 63.8% during the fourth quarter. Empower Advisory Group LLC now owns 265,783 shares of the Wireless communications provider’s stock worth $58,666,000 after acquiring an additional 103,528 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of T-Mobile US by 2.6% in the 4th quarter. Truist Financial Corp now owns 446,539 shares of the Wireless communications provider’s stock worth $98,565,000 after acquiring an additional 11,224 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TMUS. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen raised their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their target price on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Finally, KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,100 shares of company stock worth $747,378. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $270.82 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $271.41. The firm has a 50-day moving average of $227.66 and a 200 day moving average of $218.93. The company has a market cap of $309.21 billion, a P/E ratio of 28.01, a PEG ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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%. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current 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 dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.