Great Lakes Advisors LLC Sells 507 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Great Lakes Advisors LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 86,615 shares of the Wireless communications provider’s stock after selling 507 shares during the period. Great Lakes Advisors LLC’s holdings in T-Mobile US were worth $19,118,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC boosted its holdings in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the period. Financial Life Planners bought a new position in shares of T-Mobile US during the 4th quarter valued at about $29,000. Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the 3rd quarter valued at about $34,000. Planning Capital Management Corp boosted its holdings in shares of T-Mobile US by 134.7% during the 3rd 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 during the last quarter. Finally, Bruce G. Allen Investments LLC boosted its holdings in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

T-Mobile US stock opened at $255.61 on Thursday. 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 $276.49. The firm has a market capitalization of $291.84 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The company’s 50-day moving average is $242.14 and its 200 day moving average is $227.74.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % 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.

Analyst Upgrades and Downgrades

Several research analysts have commented on TMUS shares. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Wednesday, March 5th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Bank of America upped their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Nine research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.10.

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.