Kingswood Wealth Advisors LLC Sells 2,056 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kingswood Wealth Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 39.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,208 shares of the Wireless communications provider’s stock after selling 2,056 shares during the period. Kingswood Wealth Advisors LLC’s holdings in T-Mobile US were worth $524,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US during the fourth quarter valued at about $27,000. Valley National Advisers Inc. raised its position in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares in the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the period. Bay Harbor Wealth Management LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $34,000. Finally, Rise Advisors LLC purchased a new stake in T-Mobile US in the first quarter worth $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 0.7 %

TMUS opened at $176.31 on Thursday. The stock has a market capitalization of $206.61 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 0.69 and a beta of 0.50. The firm has a 50 day moving average price of $168.91 and a 200-day moving average price of $164.18. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. During the same period in the previous year, the business earned $1.58 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.47%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup boosted their target price 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. Royal Bank of Canada upped their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. TD Cowen lowered their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, May 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Fourteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and a consensus price target of $190.36.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $162.39, for a total transaction of $30,800,511.30. Following the completion of the sale, the director now directly owns 681,616,136 shares in the company, valued at $110,687,644,325.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction on Monday, April 1st. The stock was sold at an average price of $162.39, for a total transaction of $30,800,511.30. Following the transaction, the director now directly owns 681,616,136 shares in the company, valued at $110,687,644,325.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold 6,512,248 shares of company stock valued at $1,086,228,100 in the last quarter. 0.67% of the stock is currently owned by insiders.

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.