Stratos Wealth Partners LTD. Decreases Stake in T-Mobile US, Inc. $TMUS

Stratos Wealth Partners LTD. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,503 shares of the Wireless communications provider’s stock after selling 6,962 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in T-Mobile US were worth $4,569,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Stratos Investment Management LLC raised its holdings in T-Mobile US by 8.3% during the 4th quarter. Stratos Investment Management LLC now owns 10,091 shares of the Wireless communications provider’s stock valued at $2,049,000 after buying an additional 772 shares during the last quarter. Perpetual Ltd grew its holdings in T-Mobile US by 20.0% in the 4th quarter. Perpetual Ltd now owns 3,363 shares of the Wireless communications provider’s stock worth $683,000 after acquiring an additional 561 shares during the last quarter. Cigna Investments Inc. New increased its position in shares of T-Mobile US by 4.4% in the fourth quarter. Cigna Investments Inc. New now owns 4,700 shares of the Wireless communications provider’s stock valued at $954,000 after acquiring an additional 198 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of T-Mobile US by 2,275.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 285 shares of the Wireless communications provider’s stock valued at $58,000 after acquiring an additional 273 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of T-Mobile US by 39.7% during the fourth quarter. SteelPeak Wealth LLC now owns 78,407 shares of the Wireless communications provider’s stock valued at $15,920,000 after acquiring an additional 22,299 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the completion of the transaction, the director owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 694,134 shares of company stock worth $150,847,799. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of several recent analyst reports. BNP Paribas Exane cut their target price on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. TD Cowen dropped their price objective on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Citigroup lifted their price objective on T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group reduced their target price on T-Mobile US from $254.00 to $253.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average target price of $257.26.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $201.40 on Monday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The stock has a market capitalization of $221.91 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.32 and a beta of 0.43. The company’s 50-day moving average is $209.32 and its 200 day moving average is $210.31. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given 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 payout ratio is presently 42.02%.

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.