Ibex Wealth Advisors Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Ibex Wealth Advisors cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 78.6% in the 4th quarter, Holdings Channel reports. The fund owned 3,537 shares of the Wireless communications provider’s stock after selling 13,001 shares during the quarter. Ibex Wealth Advisors’ holdings in T-Mobile US were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. Barclays PLC raised its stake in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. Franklin Resources Inc. boosted its stake in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in T-Mobile US by 36.9% during the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock worth $324,960,000 after acquiring an additional 397,345 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. The trade was a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 144,200 shares of company stock worth $32,736,303. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on TMUS shares. TD Cowen raised their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Morgan Stanley initiated coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $255.00 price target on shares of T-Mobile US in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Price Performance

T-Mobile US stock opened at $235.15 on Thursday. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm has a 50 day moving average price of $226.37 and a 200 day moving average price of $212.66. The company has a market cap of $272.89 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 1.08 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. Sell-side analysts predict that T-Mobile US, Inc. will post 9.3 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

T-Mobile US Company Profile

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.