Kovitz Investment Group Partners LLC Sells 13,417 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kovitz Investment Group Partners LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 190,319 shares of the Wireless communications provider's stock after selling 13,417 shares during the period. Kovitz Investment Group Partners LLC's holdings in T-Mobile US were worth $42,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in shares of 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 last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of T-Mobile US in the fourth quarter worth $1,552,000. Trust Co. of Vermont lifted its stake in shares of T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock worth $5,954,000 after buying an additional 2,865 shares during the period. Rice Partnership LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth $7,678,000. Finally, Exchange Traded Concepts LLC increased its position in shares of T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider's stock valued at $12,476,000 after acquiring an additional 49,775 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS stock traded down $29.41 during mid-day trading on Friday, hitting $232.77. 13,554,734 shares of the stock traded hands, compared to its average volume of 4,251,776. 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 cap of $264.58 billion, a price-to-earnings ratio of 24.07, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company's 50-day simple moving average is $260.36 and its 200-day simple moving average is $240.97. T-Mobile US, Inc. has a twelve month low of $161.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 1.51%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm'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 sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on TMUS. Royal Bank of Canada increased their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Barclays upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.