SteelPeak Wealth LLC Raises Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• SteelPeak Wealth LLC increased its stake in T-Mobile by 39.7% in Q4, buying 22,299 shares to hold 78,407 shares worth about $15.92 million.
• Company insiders have sold significant stock recently — 694,134 shares worth ~$150.85 million over the last 90 days, including Raul Marcelo Claure’s sale of 550,000 shares for ~$119.66 million; insiders now own 0.37% of the stock.
• T‑Mobile declared a quarterly dividend of $1.02 per share (annualized $4.08, ~2.0% yield), payable June 11 with record and ex-dividend date on May 29.

SteelPeak Wealth LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 39.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,407 shares of the Wireless communications provider's stock after buying an additional 22,299 shares during the quarter. SteelPeak Wealth LLC's holdings in T-Mobile US were worth $15,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TMUS. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the second quarter worth about $25,000. United Community Bank raised its position in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Elevation Wealth Partners LLC lifted its holdings in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 76 shares during the period. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $31,000. Finally, City Holding Co. grew its position in shares of T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider's stock worth $34,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director owned 1,038 shares of the company's stock, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the business's stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the transaction, the director owned 891,204 shares of the company's stock, valued at $193,899,254.28. This represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 694,134 shares of company stock worth $150,847,799 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TMUS shares. Scotiabank decreased their target price on T-Mobile US from $270.50 to $266.00 and set a "sector outperform" rating for the company in a report on Thursday, February 12th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an "outperform" rating on the stock in a research report on Friday, January 16th. TD Cowen dropped 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. Finally, BNP Paribas Exane cut their target price on shares of T-Mobile US from $300.00 to $275.00 and set an "outperform" rating on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.26.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $201.40 on Friday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The firm's 50-day moving average is $209.32 and its 200 day moving average is $210.70. The stock has a market cap of $221.91 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 1.32 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.

T-Mobile US Announces Dividend

The company 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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US's dividend payout ratio (DPR) is 42.02%.

T-Mobile US Company 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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