Tyche Wealth Partners LLC Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Tyche Wealth Partners LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 48.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,384 shares of the Wireless communications provider's stock after selling 3,123 shares during the quarter. Tyche Wealth Partners LLC's holdings in T-Mobile US were worth $902,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TMUS. MONECO Advisors LLC lifted its stake in shares of T-Mobile US by 3.1% during the 4th quarter. MONECO Advisors LLC now owns 2,432 shares of the Wireless communications provider's stock valued at $537,000 after buying an additional 72 shares in the last quarter. World Equity Group Inc. purchased a new stake in T-Mobile US in the 4th quarter worth $292,000. Union Bancaire Privee UBP SA purchased a new stake in T-Mobile US in the 4th quarter worth $813,000. Crestwood Advisors Group LLC purchased a new stake in T-Mobile US in the 4th quarter worth $201,000. Finally, Rothschild Investment LLC lifted its stake in T-Mobile US by 5.2% in the 4th quarter. Rothschild Investment LLC now owns 1,326 shares of the Wireless communications provider's stock worth $293,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the completion of the sale, the director now owns 588,274,099 shares of the company's stock, valued at $135,397,166,625.84. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 279,360 shares of company stock worth $63,022,219. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

Shares of TMUS stock opened at $229.82 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The company's 50-day simple moving average is $241.72 and its two-hundred day simple moving average is $242.86. T-Mobile US, Inc. has a one year low of $173.74 and a one year high of $276.49. The company has a market capitalization of $260.95 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.25 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. The company's quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.53%. T-Mobile US's dividend payout ratio is presently 34.34%.

Wall Street Analyst Weigh In

Several analysts have commented on TMUS shares. Benchmark reiterated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. boosted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Royal Bank Of Canada lifted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Finally, Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $257.68.

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.

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