Independent Advisor Alliance Has $9.62 Million Stock Position in T-Mobile US, Inc. $TMUS

Independent Advisor Alliance reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,183 shares of the Wireless communications provider’s stock after selling 3,838 shares during the period. Independent Advisor Alliance’s holdings in T-Mobile US were worth $9,619,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in T-Mobile US by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares during the period. State Street Corp grew its holdings in shares of T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after buying an additional 994,740 shares in the last quarter. Franklin Resources Inc. raised its position in T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares during the period. Norges Bank acquired a new position in T-Mobile US during the second quarter valued at $1,477,780,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in T-Mobile US by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock worth $793,848,000 after acquiring an additional 36,424 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Srini Gopalan purchased 9,800 shares of T-Mobile US stock in a transaction on Thursday, November 6th. The stock was bought at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders sold 51,457 shares of company stock valued at $11,149,636. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TMUS. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, December 10th. BNP Paribas Exane lowered their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. Scotiabank upped their price objective on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Tigress Financial increased their target price on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Daiwa Capital Markets lowered their price target on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $255.58.

T-Mobile US Price Performance

NASDAQ TMUS opened at $197.21 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $220.58 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.45. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49. The company has a 50 day moving average price of $197.76 and a two-hundred day moving average price of $221.02.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio is currently 39.23%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.