Harbor Investment Advisory LLC Sells 7,161 Shares of T-Mobile US, Inc. $TMUS

Harbor Investment Advisory LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 75.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,291 shares of the Wireless communications provider’s stock after selling 7,161 shares during the quarter. Harbor Investment Advisory LLC’s holdings in T-Mobile US were worth $465,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TMUS. Norges Bank purchased a new stake in T-Mobile US during the 2nd quarter valued at about $1,477,780,000. Wellington Management Group LLP raised its holdings in T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the last quarter. Marshall Wace LLP raised its holdings in T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after buying an additional 1,878,654 shares during the last quarter. Viking Global Investors LP lifted its stake in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after buying an additional 1,279,422 shares in the last quarter. Finally, Amundi grew its holdings in shares of T-Mobile US by 44.6% during the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after buying an additional 1,266,808 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Morgan Stanley lowered their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Citigroup increased their target price on T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Finally, Scotiabank decreased their price target on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $257.30.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $208.47 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average price of $205.25 and a 200-day moving average price of $212.74. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The firm has a market capitalization of $229.70 billion, a PE ratio of 21.47, a P/E/G ratio of 1.36 and a beta of 0.42.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s payout ratio is 42.02%.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. The trade was a 38.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer directly owned 51,573 shares in the company, valued at $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 694,134 shares of company stock worth $150,847,799 in the last 90 days. Insiders own 0.37% of the company’s stock.

T-Mobile US 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.