CGN Advisors LLC Has $2.41 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

CGN Advisors LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 10,895 shares of the Wireless communications provider’s stock after selling 1,309 shares during the period. CGN Advisors LLC’s holdings in T-Mobile US were worth $2,405,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Moors & Cabot Inc. lifted its holdings in shares of T-Mobile US by 108.1% during the second quarter. Moors & Cabot Inc. now owns 3,637 shares of the Wireless communications provider’s stock valued at $641,000 after acquiring an additional 1,889 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of T-Mobile US by 1.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 46,731 shares of the Wireless communications provider’s stock worth $8,233,000 after buying an additional 761 shares in the last quarter. Argent Trust Co boosted its holdings in shares of T-Mobile US by 2.4% in the 2nd quarter. Argent Trust Co now owns 5,535 shares of the Wireless communications provider’s stock worth $975,000 after acquiring an additional 129 shares in the last quarter. Intech Investment Management LLC grew its position in T-Mobile US by 30.6% during the 2nd quarter. Intech Investment Management LLC now owns 83,837 shares of the Wireless communications provider’s stock worth $14,770,000 after acquiring an additional 19,639 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in T-Mobile US by 11.7% during the 2nd quarter. Ieq Capital LLC now owns 34,116 shares of the Wireless communications provider’s stock valued at $6,011,000 after purchasing an additional 3,567 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 110,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This represents a 7.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 164,200 shares of company stock worth $37,407,303 in the last quarter. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $218.97 on Friday. The business’s 50 day moving average is $229.26 and its 200-day moving average is $209.98. The firm has a market cap of $254.11 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 1.05 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.82 earnings per share. Equities research analysts predict that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TMUS. The Goldman Sachs Group boosted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Oppenheimer raised their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $240.00 to $220.00 in a research report on Monday, January 6th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $245.74.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.