Tyche Wealth Partners LLC Trims Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Tyche Wealth Partners LLC lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 48.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,384 shares of the Wireless communications provider’s stock after selling 3,123 shares during the quarter. Tyche Wealth Partners LLC’s holdings in T-Mobile US were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Avantax Advisory Services Inc. raised its stake in shares of T-Mobile US by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider’s stock valued at $8,272,000 after acquiring an additional 1,859 shares during the period. Burling Wealth Partners LLC purchased a new stake in T-Mobile US during the 4th quarter worth approximately $2,539,000. Mizuho Securities USA LLC increased its stake in T-Mobile US by 45.4% during the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock worth $10,197,000 after buying an additional 14,418 shares during the period. Raymond James Financial Inc. purchased a new stake in T-Mobile US during the 4th quarter worth approximately $452,721,000. Finally, GC Wealth Management RIA LLC increased its stake in T-Mobile US by 14.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 12,703 shares of the Wireless communications provider’s stock worth $2,804,000 after buying an additional 1,592 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.3%

Shares of T-Mobile US stock opened at $229.82 on Wednesday. The company has a market cap of $260.95 billion, a P/E ratio of 22.42, a PEG ratio of 1.25 and a beta of 0.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The firm has a fifty day moving average of $241.72 and a two-hundred day moving average of $242.86.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. T-Mobile US’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 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, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.53%. T-Mobile US’s dividend payout ratio is presently 34.34%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the completion of the sale, the director now directly owns 588,413,779 shares in the company, valued at $134,599,651,946.25. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 279,360 shares of company stock worth $63,022,219 in the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Finally, Royal Bank Of Canada boosted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US 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.