Capital World Investors Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Capital World Investors lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,628,272 shares of the Wireless communications provider's stock after selling 272,110 shares during the period. Capital World Investors owned 0.14% of T-Mobile US worth $359,408,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TMUS. Signaturefd LLC lifted its position in T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after acquiring an additional 41 shares in the last quarter. JSF Financial LLC grew its stake in shares of T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock valued at $1,117,000 after acquiring an additional 44 shares during the period. D Orazio & Associates Inc. increased its stake in shares of T-Mobile US by 3.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider's stock worth $290,000 after purchasing an additional 47 shares in the last quarter. Warren Street Wealth Advisors LLC increased its stake in T-Mobile US by 4.3% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after buying an additional 47 shares in the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its position in shares of T-Mobile US by 3.9% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock worth $284,000 after purchasing an additional 48 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

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 transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Barclays upped their target price on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Scotiabank upped their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Stock Down 11.2 %

T-Mobile US stock traded down $29.41 during midday trading on Friday, reaching $232.77. The company's stock had a trading volume of 13,554,734 shares, compared to its average volume of 4,266,645. T-Mobile US, Inc. has a 52-week low of $160.62 and a 52-week high of $276.49. The stock has a market capitalization of $264.58 billion, a P/E ratio of 24.07, a PEG ratio of 1.55 and a beta of 0.63. 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 stock's 50-day simple moving average is $260.36 and its 200-day simple moving average is $240.57.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th 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 1.51%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 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.