Capital CS Group LLC Sells 2,416 Shares of T-Mobile US, Inc. $TMUS

Capital CS Group LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 50.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,338 shares of the Wireless communications provider’s stock after selling 2,416 shares during the quarter. T-Mobile US makes up about 0.7% of Capital CS Group LLC’s investment portfolio, making the stock its 24th largest holding. Capital CS Group LLC’s holdings in T-Mobile US were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Elevation Wealth Partners LLC lifted its stake in T-Mobile US by 144.8% in the 4th quarter. Elevation Wealth Partners LLC now owns 284 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 168 shares during the last quarter. Asempa Wealth Advisors bought a new position in T-Mobile US during the fourth quarter worth about $281,000. Fulton Bank N.A. increased its position in T-Mobile US by 3.1% during the fourth quarter. Fulton Bank N.A. now owns 4,542 shares of the Wireless communications provider’s stock worth $922,000 after buying an additional 136 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in T-Mobile US by 7.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 640,661 shares of the Wireless communications provider’s stock worth $127,043,000 after buying an additional 44,813 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its stake in T-Mobile US by 5,643.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 85,115 shares of the Wireless communications provider’s stock valued at $17,096,000 after buying an additional 83,633 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares in the company, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the sale, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This represents a 34.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 694,134 shares of company stock worth $150,847,799 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of recent analyst reports. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada dropped their price target on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Barclays raised their price target on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, BNP Paribas Exane decreased their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.30.

T-Mobile US Trading Up 0.9%

Shares of NASDAQ:TMUS opened at $208.47 on Monday. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The stock has a market cap of $229.70 billion, a PE ratio of 21.47, a P/E/G ratio of 1.36 and a beta of 0.42. The business has a 50 day moving average of $205.25 and a 200-day moving average of $212.74. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 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.