Strategy Asset Managers LLC Sells 3,315 Shares of T-Mobile US, Inc. $TMUS

Strategy Asset Managers LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 43.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,240 shares of the Wireless communications provider’s stock after selling 3,315 shares during the quarter. Strategy Asset Managers LLC’s holdings in T-Mobile US were worth $1,015,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new stake in T-Mobile US in the second quarter valued at $25,000. United Community Bank raised its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in shares of T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Aspect Partners LLC boosted its holdings in 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 acquiring an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the second quarter worth $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on TMUS shares. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, January 21st. The Goldman Sachs Group cut their price target on shares of T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a report on Friday, December 12th. Wells Fargo & Company lowered their price objective on T-Mobile US from $260.00 to $225.00 and set an “overweight” rating on the stock in a research report on Monday, January 26th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price for the company in a report on Friday, October 24th. Finally, Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.58.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 51,457 shares of company stock valued at $11,149,636 over the last three months. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 4.2%

TMUS opened at $197.21 on Monday. The firm’s 50 day simple moving average is $197.76 and its two-hundred day simple moving average is $220.96. The company has a market capitalization of $220.58 billion, a PE ratio of 18.96, a PEG ratio of 1.09 and a beta of 0.44. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US Announces Dividend

The company 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. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

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.