RWA Wealth Partners LLC Sells 6,468 Shares of T-Mobile US, Inc. $TMUS

RWA Wealth Partners LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 12.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 45,122 shares of the Wireless communications provider’s stock after selling 6,468 shares during the period. RWA Wealth Partners LLC’s holdings in T-Mobile US were worth $10,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the second quarter valued at approximately $25,000. United Community Bank increased its stake in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in T-Mobile US by 190.0% during 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 during the period. Aspect Partners LLC boosted its stake in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares in the last quarter. Finally, CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

More T-Mobile US News

Here are the key news stories impacting T-Mobile US this week:

Insider Activity

In related news, Director Raul Marcelo Claure sold 550,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the sale, the director owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 674,971 shares of company stock valued at $146,605,683 in the last three months. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TMUS. Barclays raised their price target on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Wells Fargo & Company increased their target price on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Citigroup lowered their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Oppenheimer cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

Get Our Latest Stock Report on TMUS

T-Mobile US Stock Up 0.9%

NASDAQ TMUS opened at $221.98 on Wednesday. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $244.59 billion, a P/E ratio of 22.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.44. The stock’s 50-day moving average price is $199.64 and its 200-day moving average price is $217.53.

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 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 42.02%.

T-Mobile US Company Profile

(Free Report)

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.

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Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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