Dana Investment Advisors Inc. Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

Dana Investment Advisors Inc. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,815 shares of the Wireless communications provider’s stock after selling 21,954 shares during the period. Dana Investment Advisors Inc.’s holdings in T-Mobile US were worth $14,797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Howard Hughes Medical Institute bought a new position in T-Mobile US during the 2nd quarter worth approximately $25,000. United Community Bank lifted its position 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 during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of 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 period. Aspect Partners LLC grew its holdings in shares of T-Mobile US by 112.1% in the second 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 last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the second quarter worth approximately $31,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, insider Mark Wolfe Nelson sold 6,274 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $219.69, for a total transaction of $1,378,335.06. Following the completion of the transaction, the insider owned 68,006 shares of the company’s stock, valued at approximately $14,940,238.14. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction on Friday, December 5th. The shares were 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 in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 674,971 shares of company stock valued at $146,605,683 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on TMUS. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, February 13th. Morgan Stanley dropped their target price on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Scotiabank lowered their price target on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 12th. Finally, Tigress Financial lifted their price objective on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $257.09.

T-Mobile US Stock Performance

T-Mobile US stock opened at $219.95 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The stock’s 50 day simple moving average is $199.16 and its two-hundred day simple moving average is $217.70. 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 market cap of $242.35 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.38 and a beta of 0.44.

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 $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 42.02%.

T-Mobile US Company 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.