T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Lowered by Fmr LLC

FMR LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 21.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,167,118 shares of the Wireless communications provider's stock after selling 2,726,652 shares during the quarter. FMR LLC owned 0.89% of T-Mobile US worth $2,244,188,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after buying an additional 47,350 shares in the last quarter. IHT Wealth Management LLC raised its stake in shares of T-Mobile US by 28.1% in the 3rd quarter. IHT Wealth Management LLC now owns 2,812 shares of the Wireless communications provider's stock valued at $580,000 after purchasing an additional 616 shares in the last quarter. Weiss Asset Management LP bought a new position in shares of T-Mobile US during the third quarter worth about $3,741,000. Worldquant Millennium Advisors LLC acquired a new position in T-Mobile US in the third quarter worth about $5,571,000. Finally, EP Wealth Advisors LLC increased its holdings in T-Mobile US by 95.5% in the third quarter. EP Wealth Advisors LLC now owns 11,549 shares of the Wireless communications provider's stock valued at $2,383,000 after buying an additional 5,643 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $2.38 during trading on Friday, reaching $258.50. The company had a trading volume of 1,651,485 shares, compared to its average volume of 4,233,299. The firm's fifty day moving average is $259.85 and its 200 day moving average is $236.89. 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 firm has a market capitalization of $295.14 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49.

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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 earnings per share (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, equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Royal Bank of Canada boosted their price objective on shares of 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. Finally, KeyCorp cut shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price on the stock. in a report on Thursday, December 12th. Eleven 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business's 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 sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by corporate insiders.

T-Mobile US 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.