Dakota Wealth Management Raises Position in T-Mobile US, Inc. $TMUS

Dakota Wealth Management raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,268 shares of the Wireless communications provider’s stock after buying an additional 6,939 shares during the quarter. Dakota Wealth Management’s holdings in T-Mobile US were worth $14,666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US during the second quarter worth about $25,000. United Community Bank raised its stake in T-Mobile US by 131.1% in the third 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 in the last quarter. Elevation Wealth Partners LLC lifted its position in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the last quarter. Aspect Partners LLC grew its stake 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 buying an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 2nd quarter worth approximately $31,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $219.95 on Tuesday. The company has a market capitalization of $242.35 billion, a P/E ratio of 22.65, a PEG ratio of 1.38 and a beta of 0.44. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a 50 day moving average price of $199.16 and a two-hundred day moving average price of $217.70.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is 42.02%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Wolfe Research reiterated an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, Wells Fargo & Company raised their price objective on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.09.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the sale, the director owned 5,438 shares of the company’s stock, valued at approximately $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 674,971 shares of company stock valued at $146,605,683. Company insiders own 0.37% of the company’s stock.

About T-Mobile US

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.