Park Avenue Securities LLC Sells 13,851 Shares of T-Mobile US, Inc. $TMUS

Park Avenue Securities LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 37.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,164 shares of the Wireless communications provider’s stock after selling 13,851 shares during the quarter. Park Avenue Securities LLC’s holdings in T-Mobile US were worth $4,703,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Union Bancaire Privee UBP SA boosted its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. Union Bancaire Privee UBP SA now owns 12,461 shares of the Wireless communications provider’s stock valued at $2,479,000 after buying an additional 514 shares in the last quarter. Foguth Wealth Management LLC. bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $402,000. AIA Group Ltd raised its stake in shares of T-Mobile US by 127.2% during the 3rd quarter. AIA Group Ltd now owns 22,131 shares of the Wireless communications provider’s stock worth $5,298,000 after acquiring an additional 12,392 shares in the last quarter. Lindenwold Advisors INC lifted its position in T-Mobile US by 1.2% during the third quarter. Lindenwold Advisors INC now owns 7,975 shares of the Wireless communications provider’s stock valued at $1,909,000 after acquiring an additional 94 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in T-Mobile US by 1.9% during the third quarter. IFP Advisors Inc now owns 15,591 shares of the Wireless communications provider’s stock valued at $3,826,000 after acquiring an additional 296 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays lifted their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. The Goldman Sachs Group raised their price objective on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One equities research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $257.30.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the sale, the insider owned 74,280 shares of the company’s stock, valued at approximately $16,401,024. The trade was a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director G Michael Sievert sold 80,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares in the company, valued at $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock worth $150,847,799 over the last 90 days. Insiders own 0.37% of the company’s stock.

T-Mobile US Trading Up 0.9%

Shares of T-Mobile US stock opened at $208.47 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The firm has a market capitalization of $229.70 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.36 and a beta of 0.43. The firm’s 50 day simple moving average is $205.25 and its two-hundred day simple moving average is $213.02.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. T-Mobile US’s payout ratio is 42.02%.

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.