T-Mobile US, Inc. $TMUS Shares Sold by 111 Capital

111 Capital cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,519 shares of the Wireless communications provider’s stock after selling 4,956 shares during the period. T-Mobile US accounts for about 0.7% of 111 Capital’s portfolio, making the stock its 22nd largest position. 111 Capital’s holdings in T-Mobile US were worth $3,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Trust Company N.A grew its position in shares of T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after acquiring an additional 45 shares during the period. L2 Asset Management LLC raised its holdings in shares of T-Mobile US by 2.2% during the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after acquiring an additional 45 shares during the period. City Holding Co. grew its stake in shares of T-Mobile US by 48.4% in the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after buying an additional 46 shares during the period. PAX Financial Group LLC grew its position in T-Mobile US by 4.1% in the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after acquiring an additional 47 shares during the period. Finally, New Republic Capital LLC increased its position in shares of T-Mobile US by 4.7% during the 3rd quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock worth $257,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the transaction, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 692,300 shares of company stock valued at $150,426,595 over the last three months. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TMUS. TD Cowen lowered their price objective on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Argus cut their target price on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. The Goldman Sachs Group upped their price objective on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, UBS Group restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Price Performance

T-Mobile US stock opened at $217.09 on Monday. The company has a market cap of $239.20 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.40 and a beta of 0.42. 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 firm has a 50 day moving average price of $200.69 and a 200 day moving average price of $216.81. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $276.49.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend 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.