Parcion Private Wealth LLC Has $1.33 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Parcion Private Wealth LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,024 shares of the Wireless communications provider’s stock after selling 573 shares during the quarter. Parcion Private Wealth LLC’s holdings in T-Mobile US were worth $1,330,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TMUS. First Bank & Trust increased its stake in shares of T-Mobile US by 9.2% during the 4th quarter. First Bank & Trust now owns 2,586 shares of the Wireless communications provider’s stock worth $571,000 after purchasing an additional 217 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of T-Mobile US by 248.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 15,658 shares of the Wireless communications provider’s stock worth $3,456,000 after purchasing an additional 11,169 shares during the last quarter. Handelsbanken Fonder AB grew its stake in T-Mobile US by 1.8% in the 4th quarter. Handelsbanken Fonder AB now owns 192,658 shares of the Wireless communications provider’s stock valued at $42,525,000 after buying an additional 3,363 shares during the last quarter. Wealth Alliance grew its stake in T-Mobile US by 3.2% in the 4th quarter. Wealth Alliance now owns 1,665 shares of the Wireless communications provider’s stock valued at $367,000 after buying an additional 52 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in T-Mobile US by 11.0% in the 4th quarter. Ieq Capital LLC now owns 41,459 shares of the Wireless communications provider’s stock valued at $9,151,000 after buying an additional 4,121 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TMUS shares. Royal Bank of Canada raised their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a research note on Thursday, January 30th. Sanford C. Bernstein started coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. TD Cowen raised their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Tigress Financial raised their target price on shares of T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.79.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Letitia A. Long sold 1,100 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,100 shares of company stock worth $747,378 in the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.1 %

TMUS stock opened at $263.35 on Thursday. The business has a fifty day moving average price of $229.68 and a 200 day moving average price of $220.35. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41. The stock has a market capitalization of $300.68 billion, a price-to-earnings ratio of 27.23, a P/E/G ratio of 1.53 and a beta of 0.56. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio is currently 36.40%.

T-Mobile US Company 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.