T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,127 shares of the Wireless communications provider’s stock after selling 547 shares during the period. T-Mobile US comprises 1.0% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 27th largest position. Prentiss Smith & Co. Inc.’s holdings in T-Mobile US were worth $1,303,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. OLD National Bancorp IN boosted its holdings in shares of T-Mobile US by 1.9% during the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after acquiring an additional 62 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of T-Mobile US by 3.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after acquiring an additional 66 shares during the period. Transatlantique Private Wealth LLC boosted its holdings in shares of T-Mobile US by 0.4% during the third quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock valued at $2,296,000 after acquiring an additional 68 shares during the period. Hohimer Wealth Management LLC boosted its holdings in shares of T-Mobile US by 0.9% during the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after acquiring an additional 68 shares during the period. Finally, Tranquility Partners LLC boosted its holdings in shares of T-Mobile US by 1.9% during the fourth quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock valued at $613,000 after acquiring an additional 71 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. KeyCorp reduced their price objective on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. Morgan Stanley upped their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Tigress Financial upped their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average target price of $185.93.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $161.85, for a total transaction of $31,546,183.50. Following the sale, the director now owns 689,930,831 shares in the company, valued at approximately $111,665,304,997.35. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Teresa Taylor sold 12,022 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the transaction, the director now owns 13,014 shares in the company, valued at approximately $2,105,665.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $161.85, for a total value of $31,546,183.50. Following the completion of the transaction, the director now owns 689,930,831 shares in the company, valued at approximately $111,665,304,997.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,995,889 shares of company stock worth $972,451,611. Company insiders own 0.70% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock traded down $0.13 during midday trading on Thursday, hitting $164.05. The company’s stock had a trading volume of 5,812,097 shares, compared to its average volume of 4,521,922. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The stock’s 50-day moving average price is $162.39 and its 200-day moving average price is $156.76. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The company has a market capitalization of $194.71 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.23). The company had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.18 EPS. Analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a yield of 1.58%. T-Mobile US’s payout ratio is presently 37.52%.

About T-Mobile US

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.