Alliancebernstein L.P. Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Alliancebernstein L.P. decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,694,482 shares of the Wireless communications provider's stock after selling 148,125 shares during the period. Alliancebernstein L.P. owned 0.24% of T-Mobile US worth $594,753,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. Norges Bank purchased a new stake in T-Mobile US during the fourth quarter worth $1,802,393,000. Franklin Resources Inc. boosted its position in T-Mobile US by 9.9% during 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 acquiring an additional 590,711 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after acquiring an additional 85,012 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have commented on TMUS shares. Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an "overweight" rating and a $280.00 price target for the company. Bank of America raised their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Oppenheimer lifted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, KeyCorp lowered shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target for the company. in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.80.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Trading Down 5.1 %

NASDAQ:TMUS traded down $13.74 during trading hours on Friday, reaching $254.16. 2,908,300 shares of the stock were exchanged, compared to its average volume of 4,168,119. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50-day moving average of $256.82 and a two-hundred day moving average of $234.49. The company has a market capitalization of $290.18 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.55 and a beta of 0.63.

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

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.38%. 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.