Alps Advisors Inc. Sells 7,511 Shares of T-Mobile US, Inc. $TMUS

Alps Advisors Inc. trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,987 shares of the Wireless communications provider’s stock after selling 7,511 shares during the period. Alps Advisors Inc.’s holdings in T-Mobile US were worth $32,074,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TMUS. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US during the second quarter worth about $25,000. United Community Bank increased its position in T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC raised its holdings in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the last quarter. Aspect Partners LLC raised its holdings in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $31,000. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the sale, the director owned 5,438 shares in the company, valued at $1,143,720.16. This represents a 21.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael J. Katz sold 2,500 shares of T-Mobile US stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 51,457 shares of company stock worth $11,149,636. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Sanford C. Bernstein decreased their price target on T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. The Goldman Sachs Group cut their target price on T-Mobile US from $287.00 to $251.00 and set a “buy” rating on the stock in a research report on Friday, December 12th. Wells Fargo & Company decreased their target price on T-Mobile US from $260.00 to $225.00 and set an “overweight” rating for the company in a research note on Monday, January 26th. Finally, Tigress Financial boosted their price target on T-Mobile US from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $256.78.

T-Mobile US Trading Down 2.2%

Shares of T-Mobile US stock opened at $197.35 on Friday. The stock has a market capitalization of $220.74 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $276.49. The stock has a 50 day moving average price of $196.90 and a two-hundred day moving average price of $219.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s dividend payout ratio is presently 39.23%.

T-Mobile US Company Profile

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.