Black Creek Investment Management Inc. Sells 16,768 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Black Creek Investment Management Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,207 shares of the Wireless communications provider's stock after selling 16,768 shares during the quarter. T-Mobile US accounts for about 0.5% of Black Creek Investment Management Inc.'s portfolio, making the stock its 18th biggest position. Black Creek Investment Management Inc.'s holdings in T-Mobile US were worth $10,420,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Barclays PLC increased 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. Sunbelt Securities Inc. raised its holdings in shares of T-Mobile US by 23.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 812 shares of the Wireless communications provider's stock worth $168,000 after purchasing an additional 153 shares during the period. Passumpsic Savings Bank purchased a new stake in T-Mobile US in the third quarter worth $2,634,000. Finally, Pine Valley Investments Ltd Liability Co lifted its position in shares of T-Mobile US by 1.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider's stock valued at $1,135,000 after buying an additional 70 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Oppenheimer increased their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Finally, HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research note on Wednesday, March 5th. Eleven investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Trading Up 0.9 %

NASDAQ:TMUS traded up $2.40 during mid-day trading on Friday, reaching $262.04. 3,488,338 shares of the company's stock traded hands, compared to its average volume of 4,230,484. T-Mobile US, Inc. has a 12-month low of $160.06 and a 12-month high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a 50 day moving average price of $261.47 and a 200-day moving average price of $238.65. The firm has a market capitalization of $299.18 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, May 30th. 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.