Hohimer Wealth Management LLC Has $300,000 Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Hohimer Wealth Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 77.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,705 shares of the Wireless communications provider’s stock after selling 6,004 shares during the period. Hohimer Wealth Management LLC’s holdings in T-Mobile US were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. WASHINGTON TRUST Co raised its holdings in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Summit Securities Group LLC bought a new stake in T-Mobile US in the second quarter valued at approximately $27,000. Private Wealth Management Group LLC bought a new stake in T-Mobile US in the fourth quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $30,000. Finally, Westside Investment Management Inc. boosted its stake in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the sale, the director now directly owns 671,752,404 shares in the company, valued at approximately $116,280,341,132.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the transaction, the director now directly owns 671,752,404 shares in the company, valued at $116,280,341,132.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,336,950 shares of company stock worth $239,882,745. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Citigroup upped their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Scotiabank raised their price objective on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. Barclays boosted their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Benchmark increased their target price on T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Buy” and a consensus price target of $198.63.

T-Mobile US Trading Down 0.8 %

Shares of TMUS stock opened at $197.18 on Friday. T-Mobile US, Inc. has a fifty-two week low of $132.40 and a fifty-two week high of $205.28. The stock’s fifty day moving average price is $187.81 and its two-hundred day moving average price is $173.71. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market cap of $231.07 billion, a PE ratio of 26.83, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

T-Mobile US Company Profile

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.