Westwood Holdings Group Inc. Decreases Stock Position in T-Mobile US, Inc. $TMUS

Westwood Holdings Group Inc. cut its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.5% during the second quarter, HoldingsChannel.com reports. The fund owned 409,306 shares of the Wireless communications provider’s stock after selling 53,231 shares during the period. Westwood Holdings Group Inc.’s holdings in T-Mobile US were worth $97,521,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Activest Wealth Management lifted its holdings in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the second quarter worth $25,000. Missouri Trust & Investment Co raised its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares during the last quarter. Aspect Partners LLC lifted its stake in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in T-Mobile US during the second quarter worth about $31,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TMUS shares. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. BNP Paribas Exane upped their price target on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a report on Friday, October 24th. Rothschild Redb raised T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Finally, JPMorgan Chase & Co. upped their target price on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $263.71.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,452 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $240.65, for a total transaction of $15,510,373.80. Following the completion of the transaction, the director owned 634,821,326 shares of the company’s stock, valued at $152,769,752,101.90. This trade represents 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 have sold a total of 1,237,172 shares of company stock valued at $284,993,242 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Trading Down 0.1%

TMUS opened at $195.16 on Friday. T-Mobile US, Inc. has a one year low of $194.01 and a one year high of $276.49. The stock has a market capitalization of $218.29 billion, a PE ratio of 18.77, a P/E/G ratio of 1.25 and a beta of 0.44. The business’s 50 day moving average price is $213.74 and its 200 day moving average price is $230.62. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the firm earned $2.61 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is 39.23%.

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.