Ellsworth Advisors LLC Sells 15,020 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Ellsworth Advisors LLC reduced its stake in T-Mobile by 58.8% in Q4, selling 15,020 shares and leaving 10,530 shares valued at about $2.01 million.
• T-Mobile announced a quarterly dividend of $1.02 per share (ex‑dividend and record date May 29, payable June 11), implying an annualized payout of $4.08 and a 2.0% yield.
• Significant insider selling occurred: director Raul Marcelo Claure sold 550,000 shares for roughly $119.66 million, and insiders disposed of 694,134 shares (~$150.85 million) over the past 90 days.

Ellsworth Advisors LLC lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,530 shares of the Wireless communications provider's stock after selling 15,020 shares during the period. Ellsworth Advisors LLC's holdings in T-Mobile US were worth $2,008,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Trust Co. of Vermont increased its holdings in shares of T-Mobile US by 2.9% in the fourth quarter. Trust Co. of Vermont now owns 31,369 shares of the Wireless communications provider's stock worth $6,369,000 after purchasing an additional 894 shares during the period. Aspire Private Capital LLC boosted its stake in T-Mobile US by 2.2% during the fourth quarter. Aspire Private Capital LLC now owns 5,370 shares of the Wireless communications provider's stock valued at $1,090,000 after buying an additional 115 shares during the period. Banque Pictet & Cie SA purchased a new position in T-Mobile US during the fourth quarter worth about $10,190,000. Legacy Capital Wealth Partners LLC grew its position in T-Mobile US by 10.7% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,115 shares of the Wireless communications provider's stock worth $429,000 after buying an additional 205 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG bought a new position in T-Mobile US in the 4th quarter worth about $403,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Down 2.8%

Shares of TMUS stock opened at $204.25 on Thursday. The business has a 50-day moving average price of $208.70 and a two-hundred day moving average price of $211.03. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The firm has a market cap of $225.05 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.37 and a beta of 0.43.

T-Mobile US Announces Dividend

The company also recently announced 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 yield of 2.0%. T-Mobile US's payout ratio is presently 42.02%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent analyst reports. Benchmark reaffirmed a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. UBS Group restated a "buy" rating on shares of T-Mobile US in a research report on Thursday, February 12th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. Daiwa Securities Group upgraded shares of T-Mobile US from a "neutral" rating to an "outperform" rating and set a $240.00 target price for the company in a research report on Thursday, February 19th. Finally, Morgan Stanley cut their price target on shares of T-Mobile US from $280.00 to $260.00 and set an "overweight" rating for the company in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $257.26.

Insider Buying and Selling

In other T-Mobile US news, Director G Michael Sievert sold 1,089 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the completion of the sale, the director owned 125,696 shares of the company's stock, valued at $27,885,657.60. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares in the company, valued at $193,899,254.28. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 over the last ninety days. Corporate insiders own 0.37% of the company's stock.

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.

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