TFC Financial Management Inc. Sells 245 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

TFC Financial Management Inc. trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,291 shares of the Wireless communications provider’s stock after selling 245 shares during the quarter. TFC Financial Management Inc.’s holdings in T-Mobile US were worth $344,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 60 shares during the last quarter. Rakuten Securities Inc. increased its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the fourth quarter valued at about $28,000. Adirondack Trust Co. boosted its position in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, City Holding Co. grew its stake in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 43 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $231.42 on Friday. The firm has a market cap of $262.76 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.27 and a beta of 0.64. The firm has a fifty day moving average price of $240.54 and a 200 day moving average price of $242.79. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.00 EPS. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s payout ratio is presently 34.34%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Tigress Financial lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Citigroup cut T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a report on Friday, March 14th. Finally, HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $257.68.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the sale, the director now owns 588,413,779 shares of the company’s stock, valued at $134,599,651,946.25. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 419,040 shares of company stock valued at $94,880,434. Insiders own 0.37% of the company’s stock.

About T-Mobile US

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.