New Age Alpha Advisors LLC Sells 5,408 Shares of T-Mobile US, Inc. $TMUS

New Age Alpha Advisors LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.0% during the third quarter, Holdings Channel reports. The firm owned 43,715 shares of the Wireless communications provider’s stock after selling 5,408 shares during the period. New Age Alpha Advisors LLC’s holdings in T-Mobile US were worth $10,464,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TMUS. Howard Hughes Medical Institute acquired a new stake in T-Mobile US in the 2nd quarter valued at $25,000. United Community Bank lifted its holdings in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Aspect Partners LLC grew its stake in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $31,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $217.09 on Friday. The stock has a market capitalization of $239.20 billion, a P/E ratio of 22.36, a P/E/G ratio of 1.40 and a beta of 0.44. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The business has a 50-day moving average price of $200.69 and a two-hundred day moving average price of $217.05.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is 42.02%.

Insiders Place Their Bets

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the completion of the sale, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 692,300 shares of company stock valued at $150,426,595 over the last three months. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TMUS shares. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Argus cut their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. BNP Paribas Exane reduced their price objective on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Wolfe Research restated an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Wells Fargo & Company lifted their price target on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $257.09.

About T-Mobile US

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.