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Dakota Wealth Management Has $14.70 Million Stock Holdings in T-Mobile US, Inc. $TMUS

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Key Points

  • Dakota Wealth Management increased its stake in T-Mobile by 18.1%, buying an additional 11,110 shares to hold 72,378 shares valued at about $14.70 million as of the latest 13F filing.
  • Significant insider selling has occurred recently: Director Srikant M. Datar sold 3,291 shares and CFO Peter Osvaldik sold 27,000 shares, with insiders selling 694,134 shares worth $150.85 million over the past 90 days (insiders now own 0.37%).
  • T-Mobile declared a quarterly dividend of $1.02 ($4.08 annualized) with an ex-dividend date of May 29 and payment on June 11, reflecting a yield of about 1.9%.
  • Five stocks to consider instead of T-Mobile US.

Dakota Wealth Management increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 72,378 shares of the Wireless communications provider's stock after buying an additional 11,110 shares during the period. Dakota Wealth Management's holdings in T-Mobile US were worth $14,696,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. L2 Asset Management LLC lifted its position in T-Mobile US by 2.2% during the second quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider's stock worth $496,000 after acquiring an additional 45 shares during the last quarter. City Holding Co. grew its position in shares of T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider's stock valued at $34,000 after purchasing an additional 46 shares during the last quarter. New Republic Capital LLC increased its stake in shares of T-Mobile US by 4.7% during the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider's stock worth $257,000 after purchasing an additional 48 shares during the period. CYBER HORNET ETFs LLC increased its stake in shares of T-Mobile US by 3.8% during the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock worth $316,000 after purchasing an additional 48 shares during the period. Finally, Appleton Partners Inc. MA lifted its holdings in T-Mobile US by 5.3% during the 3rd quarter. Appleton Partners Inc. MA now owns 971 shares of the Wireless communications provider's stock worth $232,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

T-Mobile US Price Performance

T-Mobile US stock opened at $211.59 on Friday. The firm has a market cap of $233.14 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The stock's fifty day moving average price is $206.71 and its two-hundred day moving average price is $212.14. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a $1.02 dividend. The ex-dividend date is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. T-Mobile US's dividend payout ratio (DPR) is presently 42.02%.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 3,291 shares of the company's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director owned 1,038 shares of the company's stock, valued at $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer owned 51,573 shares in the company, valued at $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 694,134 shares of company stock valued at $150,847,799 over the last 90 days. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent research reports. Argus reduced their price target on T-Mobile US from $275.00 to $245.00 and set a "buy" rating for the company in a research note on Tuesday, December 9th. BNP Paribas Exane dropped their target price on T-Mobile US from $300.00 to $275.00 and set an "outperform" rating for the company in a report on Friday, January 16th. TD Cowen reduced their target price on shares of T-Mobile US from $263.00 to $252.00 and set a "buy" rating for the company in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of T-Mobile US in a research report on Thursday, February 19th. Finally, Wall Street Zen cut shares of T-Mobile US from a "hold" rating to a "sell" rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $257.30.

Check Out Our Latest Stock Analysis on T-Mobile US

About T-Mobile US

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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