Burling Wealth Partners LLC Has $6.04 Million Holdings in T-Mobile US, Inc. $TMUS

Burling Wealth Partners LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 30.2% in the 3rd quarter, Holdings Channel reports. The fund owned 25,240 shares of the Wireless communications provider’s stock after acquiring an additional 5,855 shares during the quarter. T-Mobile US accounts for approximately 1.0% of Burling Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest position. Burling Wealth Partners LLC’s holdings in T-Mobile US were worth $6,042,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US during the second quarter worth about $25,000. United Community Bank raised its position in T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 76 shares in the last quarter. Aspect Partners LLC boosted its position in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of T-Mobile US during the 2nd quarter worth approximately $31,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares in the company, valued at $193,899,254.28. The trade was 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 available at this hyperlink. Also, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the transaction, the insider directly owned 74,280 shares in the company, valued at $16,401,024. The trade was a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 567,971 shares of company stock worth $123,609,263. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TMUS. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Sanford C. Bernstein lowered their price target on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Citigroup reduced their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research note on Friday, December 19th. UBS Group restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Stock Down 2.9%

Shares of TMUS stock opened at $213.25 on Thursday. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $276.49. The stock has a market cap of $234.97 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.40 and a beta of 0.44. The firm’s 50-day moving average is $197.88 and its 200-day moving average is $218.35. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 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.