Motco Has $11.66 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Motco reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,821 shares of the Wireless communications provider’s stock after selling 2,982 shares during the quarter. T-Mobile US comprises 1.2% of Motco’s holdings, making the stock its 23rd largest holding. Motco’s holdings in T-Mobile US were worth $11,659,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dunhill Financial LLC boosted its holdings in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the last quarter. Financial Life Planners acquired a new position in shares of T-Mobile US in the fourth quarter worth about $29,000. Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter valued at about $34,000. Planning Capital Management Corp lifted its holdings in shares of T-Mobile US by 134.7% in the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 101 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Andre Almeida acquired 3,808 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Up 0.2 %

Shares of NASDAQ:TMUS opened at $264.17 on Friday. The company’s fifty day moving average is $234.53 and its 200-day moving average is $223.28. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $273.40. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $301.61 billion, a PE ratio of 27.32, a P/E/G ratio of 1.55 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating on shares of T-Mobile US in a report on Wednesday. KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a report on Thursday, December 12th. Barclays increased their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley assumed coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $250.00 to $265.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $251.79.

T-Mobile US Profile

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.