Channing Capital Management LLC Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Channing Capital Management LLC reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 43.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,469 shares of the Wireless communications provider's stock after selling 21,944 shares during the period. Channing Capital Management LLC's holdings in T-Mobile US were worth $6,284,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JSF Financial LLC increased its holdings in shares of T-Mobile US by 0.9% in the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider's stock worth $1,117,000 after buying an additional 44 shares during the last quarter. KPP Advisory Services LLC grew its holdings in shares of T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider's stock valued at $360,000 after purchasing an additional 45 shares during the last quarter. D Orazio & Associates Inc. boosted its holdings in shares of T-Mobile US by 3.7% during 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 during the period. Warren Street Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 4.3% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider's stock worth $252,000 after acquiring an additional 47 shares during the period. Finally, Relyea Zuckerberg Hanson LLC lifted its stake in shares of T-Mobile US by 3.9% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider's stock valued at $284,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

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Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Letitia A. Long sold 1,100 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TMUS. Oppenheimer increased their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Bank of America lifted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Morgan Stanley began coverage on T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average target price of $254.10.

T-Mobile US Price Performance

T-Mobile US stock traded down $0.26 during mid-day trading on Wednesday, reaching $256.42. 2,218,659 shares of the company's stock traded hands, compared to its average volume of 3,993,447. 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 company has a market cap of $292.76 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 1.55 and a beta of 0.64. The stock has a 50 day moving average of $241.44 and a two-hundred day moving average of $227.54. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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 return on equity of 18.09% and a net margin of 13.93%. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced 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 yield of 1.37%. 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.