Axxcess Wealth Management LLC Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Axxcess Wealth Management LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,911 shares of the Wireless communications provider’s stock after selling 218 shares during the period. Axxcess Wealth Management LLC’s holdings in T-Mobile US were worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Gladstone Institutional Advisory LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at $1,552,000. Trust Co. of Vermont lifted its holdings in shares of T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares during the period. Swedbank AB lifted its holdings in shares of T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after buying an additional 12,411 shares during the period. Finally, Rice Partnership LLC bought a new position in shares of T-Mobile US during the 4th quarter valued at $7,678,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.6 %

TMUS opened at $259.25 on Thursday. The firm has a market cap of $296.00 billion, a P/E ratio of 26.81, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average of $246.46 and a 200 day moving average of $229.77.

T-Mobile US (NASDAQ:TMUS) last released its quarterly 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%. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.36%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Royal Bank of Canada reissued a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Bank of America raised their target price on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Oppenheimer raised their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.05.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by 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.