Caliber Wealth Management LLC KS Sells 10,538 Shares of T-Mobile US, Inc. $TMUS

Caliber Wealth Management LLC KS reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 75.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,454 shares of the Wireless communications provider’s stock after selling 10,538 shares during the period. Caliber Wealth Management LLC KS’s holdings in T-Mobile US were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in T-Mobile US during the 2nd quarter valued at $1,477,780,000. Marshall Wace LLP increased its holdings in shares of T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after purchasing an additional 1,878,654 shares during the period. Viking Global Investors LP raised its position in shares of T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. State Street Corp grew its position in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP acquired a new stake in T-Mobile US during the second quarter worth about $160,945,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $197.35 on Monday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The firm’s 50-day moving average price is $196.90 and its two-hundred day moving average price is $219.84. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $220.74 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.09 and a beta of 0.44.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s payout ratio is presently 39.23%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TMUS. Morgan Stanley decreased their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Daiwa Securities Group reduced their price objective on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, October 28th. Citigroup lowered their target price on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Finally, Wolfe Research cut their price target on shares of T-Mobile US from $290.00 to $253.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $256.78.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director owned 5,438 shares in the company, valued at $1,143,720.16. This represents a 21.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. The trade was a 1.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 51,457 shares of company stock valued at $11,149,636. 0.37% of the stock is currently owned by corporate insiders.

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.