Trust Asset Management LLC Has $977,000 Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Trust Asset Management LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,091 shares of the Wireless communications provider’s stock after selling 770 shares during the quarter. Trust Asset Management LLC’s holdings in T-Mobile US were worth $977,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TMUS. Exchange Traded Concepts LLC grew its position in shares of T-Mobile US by 4,568.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,528 shares of the Wireless communications provider’s stock worth $634,000 after buying an additional 4,431 shares during the period. Private Trust Co. NA grew its position in shares of T-Mobile US by 1.8% during the 3rd quarter. Private Trust Co. NA now owns 6,381 shares of the Wireless communications provider’s stock worth $894,000 after buying an additional 110 shares during the period. Caprock Group LLC grew its position in shares of T-Mobile US by 1.2% during the 3rd quarter. Caprock Group LLC now owns 11,209 shares of the Wireless communications provider’s stock worth $1,570,000 after buying an additional 131 shares during the period. Proficio Capital Partners LLC grew its position in shares of T-Mobile US by 8.5% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,560 shares of the Wireless communications provider’s stock worth $359,000 after buying an additional 200 shares during the period. Finally, CX Institutional grew its holdings in T-Mobile US by 32.7% during the third quarter. CX Institutional now owns 4,291 shares of the Wireless communications provider’s stock valued at $601,000 after purchasing an additional 1,058 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $162.58, for a total transaction of $30,836,548.60. Following the sale, the director now directly owns 678,865,721 shares of the company’s stock, valued at $110,369,988,920.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders have sold a total of 5,995,889 shares of company stock valued at $972,451,611 over the last 90 days. 0.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $184.00 price objective on shares of T-Mobile US in a report on Wednesday, March 20th. Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Tigress Financial boosted their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and a consensus target price of $185.93.

T-Mobile US Stock Down 0.1 %

Shares of TMUS stock traded down $0.13 during trading on Thursday, reaching $164.05. The company’s stock had a trading volume of 5,812,097 shares, compared to its average volume of 4,521,922. The business has a fifty day moving average price of $162.44 and a 200-day moving average price of $156.81. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The company has a market cap of $194.71 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS. Analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is presently 37.52%.

T-Mobile US Company 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.