Rice Partnership LLC Trims Stock Holdings in T-Mobile US, Inc. $TMUS

Rice Partnership LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 94.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 932 shares of the Wireless communications provider’s stock after selling 15,591 shares during the period. Rice Partnership LLC’s holdings in T-Mobile US were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TMUS. Strategic Blueprint LLC raised its stake in T-Mobile US by 7.7% in the 2nd quarter. Strategic Blueprint LLC now owns 1,261 shares of the Wireless communications provider’s stock valued at $300,000 after purchasing an additional 90 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its position in T-Mobile US by 5.1% in the second quarter. Kornitzer Capital Management Inc. KS now owns 2,068 shares of the Wireless communications provider’s stock valued at $493,000 after buying an additional 100 shares during the last quarter. Interchange Capital Partners LLC boosted its position in shares of T-Mobile US by 3.2% during the 2nd quarter. Interchange Capital Partners LLC now owns 1,925 shares of the Wireless communications provider’s stock worth $459,000 after purchasing an additional 60 shares during the period. Resonant Capital Advisors LLC boosted its position in shares of T-Mobile US by 6.2% during the second quarter. Resonant Capital Advisors LLC now owns 2,127 shares of the Wireless communications provider’s stock worth $507,000 after buying an additional 124 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in T-Mobile US by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock valued at $255,187,000 after acquiring an additional 8,227 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. The Goldman Sachs Group lifted their target price on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Wolfe Research restated an “outperform” rating and issued a $255.00 price target on shares of T-Mobile US in a research note on Thursday, February 12th. Finally, Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Stock Performance

TMUS stock opened at $219.95 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock’s 50 day simple moving average is $199.16 and its 200 day simple moving average is $217.70. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49. The firm has a market cap of $242.35 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.38 and a beta of 0.44.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s payout ratio is 42.02%.

Insider Activity at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 6,274 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the completion of the sale, the insider directly owned 68,006 shares in the company, valued at approximately $14,940,238.14. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 674,971 shares of company stock valued at $146,605,683 over the last ninety days. Company insiders own 0.37% of the company’s stock.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.