Concurrent Investment Advisors LLC Trims Position in T-Mobile US, Inc. $TMUS

Concurrent Investment Advisors LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,724 shares of the Wireless communications provider’s stock after selling 2,838 shares during the period. Concurrent Investment Advisors LLC’s holdings in T-Mobile US were worth $2,806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Howard Hughes Medical Institute bought a new stake in T-Mobile US during the second quarter valued at approximately $25,000. Missouri Trust & Investment Co grew its position in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares during the period. Elevation Wealth Partners LLC increased its stake in shares of 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 purchasing an additional 76 shares in the last quarter. Aspect Partners LLC raised its holdings in T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the period. Finally, CoreFirst Bank & Trust bought a new stake in T-Mobile US during the second quarter valued at about $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of several recent research reports. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Monday, December 15th. Moffett Nathanson increased their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $259.56.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO Srini Gopalan purchased 9,800 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 6th. The shares were bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the transaction, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 335,193 shares of company stock worth $74,665,129. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $190.66 on Friday. The firm has a market cap of $213.26 billion, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.06 and a beta of 0.45. The firm has a fifty day moving average price of $203.20 and a 200 day moving average price of $224.74. T-Mobile US, Inc. has a fifty-two week low of $188.12 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the firm posted $2.61 EPS. T-Mobile US’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio is presently 39.23%.

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.