Harbor Investment Advisory LLC Sells 7,161 Shares of T-Mobile US, Inc. $TMUS

Harbor Investment Advisory LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 75.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,291 shares of the Wireless communications provider’s stock after selling 7,161 shares during the period. Harbor Investment Advisory LLC’s holdings in T-Mobile US were worth $465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in T-Mobile US by 4.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after purchasing an additional 19,486 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after purchasing an additional 14,800 shares in the last quarter. Varma Mutual Pension Insurance Co boosted its stake in shares of T-Mobile US by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock valued at $19,849,000 after purchasing an additional 6,700 shares in the last quarter. CI Investments Inc. increased its position in shares of T-Mobile US by 37.8% during the third quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after buying an additional 21,307 shares during the period. Finally, Longbow Finance SA increased its position in shares of T-Mobile US by 22.2% during the third quarter. Longbow Finance SA now owns 31,948 shares of the Wireless communications provider’s stock valued at $7,648,000 after buying an additional 5,805 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.9%

Shares of T-Mobile US stock opened at $208.47 on Monday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The firm has a market cap of $229.70 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 1.36 and a beta of 0.42. The company has a 50-day moving average of $205.25 and a 200 day moving average of $212.74. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid 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 dividend payout ratio (DPR) is currently 42.02%.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TMUS shares. Scotiabank decreased their price target on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. Wolfe Research reaffirmed an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research report on Thursday, February 12th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. TD Cowen decreased their target price on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Finally, Argus lowered their target price on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $257.30.

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.