TrinityPoint Wealth LLC Has $4.76 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

TrinityPoint Wealth LLC cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,572 shares of the Wireless communications provider's stock after selling 1,915 shares during the period. TrinityPoint Wealth LLC's holdings in T-Mobile US were worth $4,762,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Stonebrook Private Inc. acquired a new stake in T-Mobile US in the 4th quarter valued at about $207,000. Tang Capital Management LLC lifted its stake in shares of T-Mobile US by 321.0% in the 4th quarter. Tang Capital Management LLC now owns 4,509 shares of the Wireless communications provider's stock valued at $995,000 after purchasing an additional 3,438 shares during the period. Toronto Dominion Bank boosted its holdings in T-Mobile US by 12.7% during the fourth quarter. Toronto Dominion Bank now owns 306,092 shares of the Wireless communications provider's stock worth $67,563,000 after buying an additional 34,508 shares during the last quarter. Safeguard Investment Advisory Group LLC acquired a new position in T-Mobile US during the fourth quarter valued at approximately $201,000. Finally, Snowden Capital Advisors LLC increased its position in shares of 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 valued at $1,411,000 after buying an additional 40 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on TMUS. Barclays lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Royal Bank of Canada upped their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 0.2 %

TMUS traded down $0.58 during trading on Monday, reaching $248.30. 2,310,371 shares of the stock were exchanged, compared to its average volume of 4,241,025. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock's 50 day moving average price is $258.13 and its two-hundred day moving average price is $241.90. T-Mobile US, Inc. has a twelve month low of $161.61 and a twelve month high of $276.49. The stock has a market cap of $281.93 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69.

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 for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the business earned $2.00 EPS. T-Mobile US's revenue for the quarter was up 6.6% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US's payout ratio is 34.34%.

T-Mobile US 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.