MML Investors Services LLC Has $8.17 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

MML Investors Services LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,996 shares of the Wireless communications provider's stock after selling 2,460 shares during the period. MML Investors Services LLC's holdings in T-Mobile US were worth $8,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Geode Capital Management LLC lifted its stake in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after acquiring an additional 90,755 shares in the last quarter. Invesco Ltd. lifted its position in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after purchasing an additional 384,956 shares in the last quarter. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter worth approximately $1,802,393,000. Franklin Resources Inc. boosted its holdings in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the period. Finally, Capital International Investors grew its position in T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were 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 directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.67% of the company's stock.

T-Mobile US Stock Performance

TMUS traded down $29.41 during midday trading on Friday, reaching $232.77. The company's stock had a trading volume of 13,554,734 shares, compared to its average volume of 4,251,776. 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 company has a fifty day simple moving average of $260.36 and a 200 day simple moving average of $240.76. The stock has a market cap of $264.58 billion, a P/E ratio of 24.07, a PEG ratio of 1.55 and a beta of 0.63. 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 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 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 1.51%. T-Mobile US's dividend payout ratio is 36.40%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TMUS. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a report on Friday, March 14th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Barclays raised their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Company 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.