Knights of Columbus Asset Advisors LLC Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Knights of Columbus Asset Advisors LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,381 shares of the Wireless communications provider's stock after selling 5,409 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in T-Mobile US were worth $6,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP increased its position in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after buying an additional 602,786 shares during the period. FMR LLC grew its stake in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. Franklin Resources Inc. increased its holdings in T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock worth $712,966,000 after purchasing an additional 85,012 shares in the last quarter. Finally, Barclays PLC boosted its holdings in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares during the period. 42.49% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. KeyCorp cut shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Scotiabank lifted their target price on shares of 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. Finally, HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $255.80.

T-Mobile US Trading Up 0.0 %

Shares of TMUS stock traded up $0.01 during trading hours on Tuesday, reaching $258.97. The company's stock had a trading volume of 1,036,936 shares, compared to its average volume of 3,978,143. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $295.68 billion, a P/E ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64. The firm's fifty day simple moving average is $249.10 and its 200 day simple moving average is $231.22. T-Mobile US, Inc. has a one year low of $159.14 and a one year 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

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

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.