Geneos Wealth Management Inc. Has $1.86 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Geneos Wealth Management Inc. decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,408 shares of the Wireless communications provider’s stock after selling 282 shares during the quarter. Geneos Wealth Management Inc.’s holdings in T-Mobile US were worth $1,856,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares in the last quarter. Barclays PLC raised its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Wellington Management Group LLP lifted its stake in T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after purchasing an additional 602,786 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of T-Mobile US by 36.9% in the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after purchasing an additional 397,345 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 in the last quarter. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of several research analyst reports. Wells Fargo & Company lowered T-Mobile US from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $240.00 to $220.00 in a research note on Monday, January 6th. Scotiabank lifted their price target on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Bank of America increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Finally, Oppenheimer increased their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Stock Up 1.2 %

Shares of NASDAQ:TMUS opened at $218.57 on Monday. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The business’s 50-day moving average is $226.93 and its 200-day moving average is $211.85. The company has a market capitalization of $253.65 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 1.08 and a beta of 0.56.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

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.