Signet Financial Management LLC Sells 3,664 Shares of T-Mobile US, Inc. $TMUS

Signet Financial Management LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,017 shares of the Wireless communications provider’s stock after selling 3,664 shares during the period. Signet Financial Management LLC’s holdings in T-Mobile US were worth $1,425,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TMUS. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $25,000. United Community Bank raised its stake in T-Mobile US by 131.1% during the third 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 boosted its holdings in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the second quarter worth $31,000. Finally, City Holding Co. increased its holdings in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $208.47 on Friday. 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 50 day moving average price of $205.25 and a 200-day moving average price of $213.02. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The firm has a market capitalization of $229.70 billion, a PE ratio of 21.47, a P/E/G ratio of 1.36 and a beta of 0.43.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is 42.02%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TMUS. Wall Street Zen cut shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. BNP Paribas Exane dropped their target price on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. The Goldman Sachs Group increased their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Finally, Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $257.30.

Insider Buying and Selling at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider owned 65,677 shares of the company’s stock, valued at $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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 SEC filing for this sale provides additional information. In the last 90 days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is 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.