Thoroughbred Financial Services LLC Sells 3,446 Shares of T-Mobile US, Inc. $TMUS

Thoroughbred Financial Services LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 59.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,327 shares of the Wireless communications provider’s stock after selling 3,446 shares during the period. Thoroughbred Financial Services LLC’s holdings in T-Mobile US were worth $472,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. United Community Bank boosted its position in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the period. JDM Financial Group LLC boosted its position in T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Turning Point Benefit Group Inc. boosted its position in T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares during the period. Ares Financial Consulting LLC bought a new position in T-Mobile US during the 4th quarter valued at approximately $38,000. Finally, WHI TRUST Co LLC bought a new position in T-Mobile US during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.8%

NASDAQ:TMUS opened at $187.53 on Friday. The firm’s 50-day moving average price is $196.33 and its 200-day moving average price is $201.73. The company has a market capitalization of $202.94 billion, a PE ratio of 19.95, a P/E/G ratio of 1.09 and a beta of 0.33. 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.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm 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 company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is currently 43.40%.

Wall Street Analyst Weigh In

A number of research firms have commented on TMUS. Citigroup upped their price target on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Morgan Stanley began coverage on T-Mobile US in a research report on Thursday, April 16th. They set an “overweight” rating and a $260.00 price target for the company. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target for the company in a research report on Monday, April 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 objective on the stock in a research report 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

Insider Buying and Selling

In other news, insider Michael J. Katz sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the sale, the insider directly owned 181,930 shares of the company’s stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andre Almeida purchased 5,097 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the transaction, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This represents a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 13,090 shares of company stock valued at $2,618,500. 0.37% of the stock is owned by company insiders.

T-Mobile US 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.