T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,755 shares of the Wireless communications provider’s stock after selling 1,677 shares during the quarter. Merit Financial Group LLC’s holdings in T-Mobile US were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. BluePath Capital Management LLC purchased a new stake in T-Mobile US in the 3rd quarter valued at about $26,000. Valley National Advisers Inc. boosted its holdings in shares of T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares during the period. Baker Avenue Asset Management LP raised its stake in shares of T-Mobile US by 63.3% during the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new stake in shares of T-Mobile US during the fourth quarter worth approximately $34,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of T-Mobile US by 54.5% during the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TMUS. Citigroup increased their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Morgan Stanley boosted their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, TD Cowen dropped their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $186.33.

T-Mobile US Stock Down 0.2 %

T-Mobile US stock opened at $164.60 on Monday. The company has a 50-day simple moving average of $162.69 and a 200-day simple moving average of $157.99. The firm has a market capitalization of $192.89 billion, a P/E ratio of 22.39, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. 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 posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.58 earnings per share. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling at T-Mobile US

In other news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the transaction, the insider now owns 126,616 shares in the company, valued at $20,414,297.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. In the last three months, insiders sold 6,347,487 shares of company stock valued at $1,031,462,501. 0.70% of the stock is owned by insiders.

About T-Mobile US

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.