Accurate Wealth Management LLC Has $2.99 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Accurate Wealth Management LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,133 shares of the Wireless communications provider’s stock after selling 3,251 shares during the period. Accurate Wealth Management LLC’s holdings in T-Mobile US were worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TMUS. American Century Companies Inc. boosted its stake in T-Mobile US by 22.7% in the second quarter. American Century Companies Inc. now owns 301,943 shares of the Wireless communications provider’s stock worth $53,196,000 after purchasing an additional 55,801 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in T-Mobile US during the 2nd quarter worth about $323,000. Oppenheimer Asset Management Inc. lifted its position in T-Mobile US by 7.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,632 shares of the Wireless communications provider’s stock worth $3,635,000 after buying an additional 1,453 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in T-Mobile US by 547.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 3,848 shares of the Wireless communications provider’s stock worth $678,000 after acquiring an additional 3,254 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in T-Mobile US by 108.1% in the 2nd quarter. Moors & Cabot Inc. now owns 3,637 shares of the Wireless communications provider’s stock valued at $641,000 after acquiring an additional 1,889 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated 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 directly owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock worth $37,407,303 over the last quarter. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

Shares of TMUS stock opened at $214.18 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The firm has a fifty day moving average of $229.93 and a 200-day moving average of $209.91. The firm has a market capitalization of $248.55 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

Analyst Ratings Changes

TMUS has been the topic of several research analyst reports. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Royal Bank of Canada lowered T-Mobile US from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $255.00 to $240.00 in a research report on Monday, January 6th. UBS Group lifted their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Oppenheimer upped their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays lifted their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

Check Out Our Latest Report on TMUS

T-Mobile US Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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