Burling Wealth Partners LLC Sells 3,078 Shares of T-Mobile US, Inc. $TMUS

Burling Wealth Partners LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.2% during the fourth quarter, Holdings Channel reports. The firm owned 22,162 shares of the Wireless communications provider’s stock after selling 3,078 shares during the period. Burling Wealth Partners LLC’s holdings in T-Mobile US were worth $4,500,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Sei Investments Co. grew its stake in T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC raised its stake in shares of T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after purchasing an additional 3,454 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth about $375,000. Raymond James Financial Inc. boosted its holdings in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP boosted its holdings in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $190.16 on Thursday. The company has a market capitalization of $205.79 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.14 and a beta of 0.33. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $199.66 and a 200-day moving average price of $202.45. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $261.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same period in the previous year, the company posted $2.58 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US’s payout ratio is presently 43.40%.

Insider Activity at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the sale, the insider directly owned 65,677 shares in the company, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andre Almeida acquired 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 25,620 shares of company stock worth $5,527,602 in the last 90 days. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TMUS. KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a report on Monday, April 13th. Wells Fargo & Company increased their target price on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a research note on Thursday, February 19th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

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.