T-Mobile US, Inc. (NASDAQ:TMUS) Position Lowered by Valley Wealth Managers Inc.

Key Points

• Valley Wealth Managers Inc. reduced its position in T-Mobile US by 6.2% during the first quarter, holding 93,687 shares valued at approximately $24.99 million.
• Insider sales included Director Telekom Ag Deutsche offloading 69,840 shares for over $16.6 million, resulting in a minimal decrease in their position.
• Analysts have mixed ratings on T-Mobile US, with a consensus target price of $256.31, reflecting a potential for growth amid varied buy, hold, and sell recommendations.

Valley Wealth Managers Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,687 shares of the Wireless communications provider's stock after selling 6,147 shares during the period. T-Mobile US makes up approximately 1.9% of Valley Wealth Managers Inc.'s holdings, making the stock its 10th largest holding. Valley Wealth Managers Inc.'s holdings in T-Mobile US were worth $24,987,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Ancora Advisors LLC boosted its position in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after buying an additional 37 shares during the period. Snowden Capital Advisors LLC boosted its holdings in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after acquiring an additional 40 shares during the period. Financial Management Professionals Inc. grew its position in T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 41 shares in the last quarter. Hohimer Wealth Management LLC raised its stake in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the period. Finally, Journey Strategic Wealth LLC raised its stake in shares of T-Mobile US by 4.2% during the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 1,326,510 shares of company stock valued at $305,246,018. Corporate insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. KeyCorp restated an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, July 9th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Royal Bank Of Canada lifted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $256.31.

T-Mobile US Price Performance

Shares of TMUS stock opened at $243.55 on Friday. The stock's fifty day simple moving average is $235.19 and its 200 day simple moving average is $244.45. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The firm has a market cap of $274.10 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.37 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the company posted $2.49 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.