Reaves W H & Co. Inc. Trims Stock Position in T-Mobile US, Inc. $TMUS

Reaves W H & Co. Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,752 shares of the Wireless communications provider’s stock after selling 2,545 shares during the period. Reaves W H & Co. Inc.’s holdings in T-Mobile US were worth $36,326,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US during the second quarter worth about $25,000. United Community Bank raised its stake in T-Mobile US by 131.1% in the third 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 in the last quarter. Elevation Wealth Partners LLC lifted its position in T-Mobile US by 190.0% during 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. Aspect Partners LLC increased its holdings in shares of T-Mobile US by 112.1% in the 2nd 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 purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.1%

Shares of T-Mobile US stock opened at $197.66 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49. The stock has a market capitalization of $221.08 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.09 and a beta of 0.44. The company’s 50 day moving average price is $196.72 and its 200-day moving average price is $219.48.

T-Mobile US Announces Dividend

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

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. Argus lowered their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Daiwa Securities Group dropped their target price on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Sanford C. Bernstein reduced their price target on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a research report on Thursday, January 15th. BNP Paribas Exane decreased their price target on shares of 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. Finally, Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.78.

Insiders Place Their Bets

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 51,457 shares of company stock valued at $11,149,636 in the last quarter. Insiders own 0.37% of the company’s stock.

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.