Benjamin Edwards Inc. Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Benjamin Edwards Inc. cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 972 shares of the Wireless communications provider’s stock after selling 63 shares during the period. Benjamin Edwards Inc.’s holdings in T-Mobile US were worth $156,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. BluePath Capital Management LLC acquired a new position in shares of T-Mobile US in the third quarter worth about $26,000. Valley National Advisers Inc. grew its position in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US in the fourth quarter valued at $34,000. Finally, Raleigh Capital Management Inc. boosted its stake in T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $161.38, for a total value of $31,454,575.80. Following the completion of the sale, the director now directly owns 688,176,641 shares in the company, valued at $111,057,946,324.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the transaction, the insider now owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders have sold a total of 6,359,509 shares of company stock worth $1,033,407,661 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. TD Cowen reduced their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Citigroup raised their price objective 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, Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $186.33.

T-Mobile US Trading Down 0.2 %

T-Mobile US stock opened at $164.60 on Friday. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $192.89 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.64 and a beta of 0.48. The firm has a 50-day moving average price of $162.69 and a two-hundred day moving average price of $157.76.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the previous year, the firm posted $1.58 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Sell-side analysts expect that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. T-Mobile US’s payout ratio is 35.37%.

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.