Great Diamond Partners LLC Sells 8,271 Shares of T-Mobile US, Inc. $TMUS

Great Diamond Partners LLC lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 80.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,997 shares of the Wireless communications provider’s stock after selling 8,271 shares during the period. Great Diamond Partners LLC’s holdings in T-Mobile US were worth $405,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of T-Mobile US by 4.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after purchasing an additional 19,486 shares during the period. Quilter Plc lifted its stake in shares of T-Mobile US by 7.8% in the 4th quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock worth $94,584,000 after purchasing an additional 33,813 shares during the period. Varma Mutual Pension Insurance Co lifted its stake in shares of T-Mobile US by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock worth $19,849,000 after purchasing an additional 6,700 shares during the period. Longbow Finance SA lifted its stake in shares of T-Mobile US by 22.2% in the 3rd quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock worth $7,648,000 after purchasing an additional 5,805 shares during the period. Finally, CI Investments Inc. lifted its stake in shares of T-Mobile US by 37.8% in the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock worth $18,583,000 after purchasing an additional 21,307 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.4%

Shares of TMUS opened at $190.90 on Friday. 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, Inc. has a 1 year low of $181.36 and a 1 year high of $261.56. The company has a 50 day simple moving average of $199.10 and a two-hundred day simple moving average of $202.31. The firm has a market cap of $206.59 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.12 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced 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 net margin of 11.65% and a return on equity of 19.47%. The business had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the firm posted $2.58 EPS. The company’s revenue was up 10.6% on a year-over-year basis. On average, equities analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given 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 dividend payout ratio is currently 43.40%.

Analyst Ratings Changes

Several research firms recently issued reports on TMUS. Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a report on Wednesday, April 8th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a report on Thursday, February 19th. KeyCorp raised shares of T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price for the company in a report on Monday, April 13th. The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.48.

Insider Activity

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 65,677 shares in the company, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andre Almeida bought 5,097 shares of the stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the transaction, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 25,620 shares of company stock worth $5,527,602. 0.37% of the stock is owned by corporate insiders.

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.