OneAscent Wealth Management LLC Sells 439 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

OneAscent Wealth Management LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,942 shares of the Wireless communications provider’s stock after selling 439 shares during the period. OneAscent Wealth Management LLC’s holdings in T-Mobile US were worth $429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allstate Corp purchased a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $3,431,000. Brown Brothers Harriman & Co. grew its stake in T-Mobile US by 22.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,733 shares of the Wireless communications provider’s stock valued at $1,707,000 after purchasing an additional 1,418 shares during the period. Horizon Investment Services LLC purchased a new stake in shares of T-Mobile US during the 4th quarter valued at $3,299,000. denkapparat Operations GmbH bought a new stake in shares of T-Mobile US during the 4th quarter worth $519,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of T-Mobile US by 8.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,564 shares of the Wireless communications provider’s stock worth $4,760,000 after buying an additional 1,647 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $264.93 on Friday. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The stock has a fifty day moving average of $252.92 and a 200 day moving average of $232.64. 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 firm has a market capitalization of $302.48 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64.

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 (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%. On average, research analysts expect 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. Stockholders of record on Friday, May 30th will be issued 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 payout ratio is 36.40%.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. KeyCorp downgraded shares of 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. Oppenheimer lifted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays upped their price objective 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. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Finally, Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $256.80.

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.