IFP Advisors Inc Sells 8,874 Shares of T-Mobile US, Inc. $TMUS

IFP Advisors Inc lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 56.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,902 shares of the Wireless communications provider’s stock after selling 8,874 shares during the quarter. IFP Advisors Inc’s holdings in T-Mobile US were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Community Bank raised its stake in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. JDM Financial Group LLC raised its stake in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Turning Point Benefit Group Inc. raised its stake in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of T-Mobile US in the third quarter valued at $38,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.3%

TMUS stock opened at $191.47 on Friday. The company has a market capitalization of $207.21 billion, a PE ratio of 20.37, a P/E/G ratio of 1.11 and a beta of 0.33. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $261.56. The firm’s 50-day moving average is $198.67 and its 200 day moving average is $202.24. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 EPS. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TMUS shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Tuesday, May 19th. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. 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 note on Friday, February 13th. Finally, Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target on the stock in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director G Michael Sievert sold 13,911 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $220.07, for a total transaction of $3,061,393.77. Following the transaction, the director directly owned 126,785 shares in the company, valued at $27,901,574.95. This trade represents a 9.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,620 shares of company stock worth $5,527,602 over the last ninety days. 0.37% of the stock is owned by insiders.

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.