Arax Advisory Partners Sells 11,303 Shares of T-Mobile US, Inc. $TMUS

Arax Advisory Partners trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 50.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,895 shares of the Wireless communications provider’s stock after selling 11,303 shares during the quarter. Arax Advisory Partners’ holdings in T-Mobile US were worth $2,212,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after acquiring an additional 636,192 shares in the last quarter. State Street Corp raised its holdings in shares of T-Mobile US by 4.3% during the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider’s stock worth $5,133,198,000 after acquiring an additional 1,047,624 shares in the last quarter. Capital International Investors raised its holdings in shares of T-Mobile US by 8.2% during the 4th quarter. Capital International Investors now owns 14,847,697 shares of the Wireless communications provider’s stock worth $3,014,754,000 after acquiring an additional 1,121,409 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after acquiring an additional 453,096 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS stock opened at $188.86 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The business’s fifty day simple moving average is $190.75 and its two-hundred day simple moving average is $199.51. T-Mobile US, Inc. has a twelve month low of $174.02 and a twelve month high of $261.56. The firm has a market cap of $204.38 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.10 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the firm posted $2.58 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Friday, May 29th were paid a $1.02 dividend. The ex-dividend date was Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Insiders Place Their Bets

In other T-Mobile US news, insider Andre Almeida bought 5,097 shares of T-Mobile US stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the purchase, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Katz sold 5,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TMUS shares. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Barclays restated a “buy” rating on shares of T-Mobile US in a report on Friday, April 24th. The Goldman Sachs Group restated a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Finally, Arete Research increased their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

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.