Wealth Advisory Solutions LLC Takes $5.02 Million Position in T-Mobile US, Inc. $TMUS

Wealth Advisory Solutions LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, HoldingsChannel.com reports. The fund bought 24,705 shares of the Wireless communications provider’s stock, valued at approximately $5,016,000. T-Mobile US accounts for approximately 1.2% of Wealth Advisory Solutions LLC’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new position in T-Mobile US in the second quarter worth about $25,000. United Community Bank raised its position in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC lifted 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 valued at $28,000 after purchasing an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the transaction, the insider directly owned 74,280 shares in the company, valued at $16,401,024. This trade represents a 12.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. The trade was a 76.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Citigroup increased their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Weiss Ratings cut shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Wolfe Research reiterated an “outperform” rating and set a $255.00 price target on shares of T-Mobile US in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $257.26.

T-Mobile US Stock Down 2.8%

Shares of TMUS opened at $204.25 on Thursday. The firm has a fifty day moving average price of $208.70 and a 200-day moving average price of $211.03. 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 firm has a market capitalization of $225.05 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.37 and a beta of 0.43. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is currently 42.02%.

T-Mobile US Company Profile

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.