New York Life Investment Management LLC Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

New York Life Investment Management LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,388 shares of the Wireless communications provider’s stock after selling 18,112 shares during the quarter. New York Life Investment Management LLC’s holdings in T-Mobile US were worth $11,606,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TMUS. Commonwealth Equity Services LLC grew its holdings in T-Mobile US by 8.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 134,109 shares of the Wireless communications provider’s stock valued at $18,782,000 after buying an additional 10,208 shares during the period. Accurate Wealth Management LLC increased its position in T-Mobile US by 10.7% during the third quarter. Accurate Wealth Management LLC now owns 1,783 shares of the Wireless communications provider’s stock worth $255,000 after purchasing an additional 173 shares during the last quarter. Vicus Capital purchased a new position in T-Mobile US during the third quarter worth approximately $216,000. FinTrust Capital Advisors LLC boosted its holdings in shares of T-Mobile US by 16.6% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,245 shares of the Wireless communications provider’s stock valued at $174,000 after purchasing an additional 177 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of T-Mobile US by 14.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 213,069 shares of the Wireless communications provider’s stock valued at $29,840,000 after buying an additional 27,581 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. Raymond James lifted their target price on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Morgan Stanley increased their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Tigress Financial lifted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. TD Cowen dropped their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Finally, Oppenheimer restated an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $186.33.

Insider Activity

In related news, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the completion of the transaction, the director now directly owns 13,014 shares in the company, valued at $2,105,665.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Teresa Taylor sold 12,022 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the transaction, the director now directly owns 13,014 shares in the company, valued at $2,105,665.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $161.65, for a total transaction of $31,507,201.50. Following the sale, the director now owns 687,981,731 shares of the company’s stock, valued at approximately $111,212,246,816.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,980,169 shares of company stock worth $970,759,660. 0.70% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 0.3 %

NASDAQ:TMUS opened at $164.96 on Thursday. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The business’s 50-day simple moving average is $162.65 and its 200 day simple moving average is $157.56. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The stock has a market cap of $193.31 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 35.37%.

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.