Westover Capital Advisors LLC Cuts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Westover Capital Advisors LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,756 shares of the Wireless communications provider’s stock after selling 1,283 shares during the quarter. Westover Capital Advisors LLC’s holdings in T-Mobile US were worth $3,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI grew its holdings in T-Mobile US by 0.5% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 240,782 shares of the Wireless communications provider’s stock worth $53,148,000 after purchasing an additional 1,157 shares during the last quarter. Synergy Investment Management LLC purchased a new position in T-Mobile US in the fourth quarter worth $44,000. Charles Schwab Investment Management Inc. grew its holdings in shares of T-Mobile US by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock valued at $712,966,000 after buying an additional 85,012 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of T-Mobile US by 3.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 82,663 shares of the Wireless communications provider’s stock valued at $18,246,000 after buying an additional 2,617 shares during the last quarter. Finally, Gryphon Financial Partners LLC grew its holdings in shares of T-Mobile US by 25.2% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,476 shares of the Wireless communications provider’s stock valued at $326,000 after buying an additional 297 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TMUS shares. Bank of America boosted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $253.26.

T-Mobile US Trading Up 1.2 %

TMUS stock opened at $272.83 on Tuesday. The company’s 50-day simple moving average is $236.54 and its 200-day simple moving average is $224.74. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49. The firm has a market cap of $311.50 billion, a P/E ratio of 28.21, a PEG 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors 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 yield of 1.29%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

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.