Signet Financial Management LLC Reduces Position in T-Mobile US, Inc. $TMUS

Signet Financial Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 34.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,017 shares of the Wireless communications provider’s stock after selling 3,664 shares during the quarter. Signet Financial Management LLC’s holdings in T-Mobile US were worth $1,425,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of TMUS. Howard Hughes Medical Institute bought a new stake in T-Mobile US during the second quarter valued at about $25,000. United Community Bank raised its stake in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC lifted its position in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the 2nd quarter valued at about $31,000. Finally, Kilter Group LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at approximately $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 0.9%

TMUS opened at $208.47 on Friday. The firm has a market cap of $229.70 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.36 and a beta of 0.43. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The stock has a 50-day moving average of $205.25 and a 200 day moving average of $213.02.

T-Mobile US Announces Dividend

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

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a report on Friday, February 13th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Royal Bank Of Canada dropped their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Citigroup raised their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $257.30.

Insider Transactions at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the transaction, the insider owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director G Michael Sievert sold 1,089 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director owned 125,696 shares of the company’s stock, valued at approximately $27,885,657.60. The trade was a 0.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is currently owned by insiders.

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.