Klingman & Associates LLC Cuts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Klingman & Associates LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,071 shares of the Wireless communications provider’s stock after selling 327 shares during the period. Klingman & Associates LLC’s holdings in T-Mobile US were worth $236,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. DT Investment Partners LLC grew its stake in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Dunhill Financial LLC grew its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. MFA Wealth Advisors LLC grew its stake in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US during the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the third quarter worth $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of analyst reports. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Tigress Financial upped their price objective on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the completion of the acquisition, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders sold 3,100 shares of company stock valued at $747,378. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.1 %

NASDAQ TMUS opened at $263.35 on Thursday. The stock has a market capitalization of $300.68 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 0.56. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $271.41. The firm has a 50-day moving average price of $229.68 and a 200 day moving average price of $220.35. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors 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 annualized dividend and a yield of 1.34%. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.