Ellsworth Advisors LLC Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

Ellsworth Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 58.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,530 shares of the Wireless communications provider’s stock after selling 15,020 shares during the period. Ellsworth Advisors LLC’s holdings in T-Mobile US were worth $2,008,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Howard Hughes Medical Institute purchased a new stake in T-Mobile US during the 2nd quarter valued at about $25,000. United Community Bank increased its stake in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC lifted 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 purchasing an additional 76 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US in the second quarter valued at approximately $31,000. Finally, Kilter Group LLC purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $34,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $204.25 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $225.05 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.43. The stock’s 50 day moving average price is $208.70 and its 200-day moving average price is $211.03. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is presently 42.02%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Barclays boosted their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Thursday, February 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.26.

Insiders Place Their Bets

In related news, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares in the company, valued at $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 694,134 shares of company stock worth $150,847,799. Company insiders own 0.37% of the company’s stock.

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.