Great Lakes Retirement Inc. Reduces Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Great Lakes Retirement Inc. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% during the fourth quarter, HoldingsChannel reports. The fund owned 10,901 shares of the Wireless communications provider’s stock after selling 68 shares during the quarter. Great Lakes Retirement Inc.’s holdings in T-Mobile US were worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TMUS. Brookstone Capital Management purchased a new stake in T-Mobile US in the 3rd quarter worth approximately $230,000. Thurston Springer Miller Herd & Titak Inc. grew its position in T-Mobile US by 1,028.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,280 shares of the Wireless communications provider’s stock worth $470,000 after buying an additional 2,078 shares in the last quarter. CX Institutional increased its stake in T-Mobile US by 21.5% in the 3rd quarter. CX Institutional now owns 30,400 shares of the Wireless communications provider’s stock worth $6,273,000 after acquiring an additional 5,378 shares during the last quarter. Iams Wealth Management LLC purchased a new stake in shares of T-Mobile US in the 3rd quarter valued at about $1,273,000. Finally, Michael S. Ryan Inc. bought a new stake in shares of T-Mobile US during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TMUS shares. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. TD Cowen upped their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citigroup raised their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Finally, Tigress Financial boosted their price objective on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $251.79.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares in the company, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,100 shares of company stock worth $747,378. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 1.1 %

Shares of NASDAQ TMUS opened at $258.70 on Wednesday. The company has a market cap of $295.37 billion, a PE ratio of 26.75, a P/E/G ratio of 1.44 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm’s 50 day moving average price is $226.18 and its 200-day moving average price is $216.54. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $259.46.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.