DnB Asset Management AS Sells 187,148 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

DnB Asset Management AS cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 26.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 527,303 shares of the Wireless communications provider's stock after selling 187,148 shares during the quarter. DnB Asset Management AS's holdings in T-Mobile US were worth $116,392,000 as of its most recent SEC filing.

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

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T-Mobile US Stock Performance

Shares of TMUS traded down $1.30 during mid-day trading on Tuesday, reaching $265.41. 1,067,804 shares of the company's stock traded hands, compared to its average volume of 4,156,216. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market capitalization of $303.03 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. The business's 50-day moving average price is $253.88 and its 200-day moving average price is $233.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders 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 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Analysts Set New Price Targets

Several research firms have commented on TMUS. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 target price for the company. Royal Bank of Canada increased their price target on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Wednesday, March 5th. Finally, Bank of America lifted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $256.80.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction 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 transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

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.