Massachusetts Financial Services Co. MA Lowers Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Massachusetts Financial Services Co. MA reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,594,052 shares of the Wireless communications provider's stock after selling 403,671 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.14% of T-Mobile US worth $351,855,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TMUS. Signaturefd LLC raised its holdings 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 purchasing an additional 41 shares during the last quarter. JSF Financial LLC grew its position in 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 valued at $1,117,000 after buying an additional 44 shares during the period. D Orazio & Associates Inc. raised its position in 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 worth $290,000 after acquiring an additional 47 shares during the period. Warren Street Wealth Advisors LLC boosted its stake in 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 acquiring an additional 47 shares during the last quarter. Finally, Relyea Zuckerberg Hanson LLC grew its position in shares of 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 valued at $284,000 after acquiring an additional 48 shares during the period. Institutional investors own 42.49% of the company's stock.

Remove Ads

T-Mobile US Trading Down 7.4 %

Shares of TMUS traded down $19.78 during mid-day trading on Friday, reaching $248.11. The company's stock had a trading volume of 7,947,288 shares, compared to its average volume of 4,194,725. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The company's fifty day moving average price is $257.41 and its two-hundred day moving average price is $235.01. The stock has a market cap of $283.28 billion, a PE ratio of 25.66, a P/E/G ratio of 1.55 and a beta of 0.63.

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, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.42%. T-Mobile US's payout ratio is currently 36.40%.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company's 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 completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Scotiabank upped their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. KeyCorp cut 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 note on Thursday, December 12th. Oppenheimer increased their target price on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Bank of America boosted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price objective for the company. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $256.80.

About T-Mobile US

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.