T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 541,634 shares of the Wireless communications provider's stock after selling 74,367 shares during the period. Korea Investment CORP's holdings in T-Mobile US were worth $119,555,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 56 shares during the period. Rakuten Securities Inc. grew its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 4th quarter valued at approximately $28,000. Financial Life Planners acquired a new position in T-Mobile US during the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the third quarter worth $34,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 1.2 %

Shares of TMUS traded down $3.35 during trading on Friday, reaching $264.93. The company's stock had a trading volume of 3,322,070 shares, compared to its average volume of 4,168,610. The company has a market cap of $302.48 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. 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 fifty day moving average of $252.92 and a two-hundred day moving average of $232.89. 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 posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The shares were 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 of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research reports. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Bank of America upped their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. 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. Finally, Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $256.80.

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.