Bison Wealth LLC Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Bison Wealth LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,913 shares of the Wireless communications provider’s stock after selling 1,241 shares during the period. Bison Wealth LLC’s holdings in T-Mobile US were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its position in T-Mobile US by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock worth $280,000 after purchasing an additional 66 shares in the last quarter. Transatlantique Private Wealth LLC increased its position in T-Mobile US by 0.4% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after purchasing an additional 68 shares in the last quarter. Hohimer Wealth Management LLC increased its position in T-Mobile US by 0.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $1,054,000 after purchasing an additional 68 shares in the last quarter. Ronald Blue Trust Inc. increased its position in T-Mobile US by 0.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 10,068 shares of the Wireless communications provider’s stock worth $1,398,000 after purchasing an additional 73 shares in the last quarter. Finally, Rosenberg Matthew Hamilton increased its position in T-Mobile US by 4.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,748 shares of the Wireless communications provider’s stock worth $245,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $164.85, for a total transaction of $32,130,913.50. Following the sale, the director now directly owns 690,905,381 shares in the company, valued at approximately $113,895,752,057.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Teresa Taylor sold 12,022 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the completion of the sale, the director now directly owns 13,014 shares in the company, valued at approximately $2,105,665.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $164.85, for a total value of $32,130,913.50. Following the completion of the sale, the director now owns 690,905,381 shares of the company’s stock, valued at $113,895,752,057.85. The disclosure for this sale can be found here. Insiders have sold 5,689,170 shares of company stock worth $924,847,536 in the last three months. 0.70% of the stock is owned by insiders.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $159.82 on Tuesday. The company has a market cap of $189.69 billion, a P/E ratio of 23.06, a PEG ratio of 0.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The business’s 50-day simple moving average is $162.34 and its 200 day simple moving average is $155.74.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). The company had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.63%. T-Mobile US’s dividend payout ratio is presently 37.52%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent research reports. KeyCorp dropped their price objective on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $184.00 price target on shares of T-Mobile US in a research note on Wednesday, March 20th. Raymond James raised their price target on T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Citigroup raised their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Tigress Financial raised their price target on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $185.93.

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.