O Shaughnessy Asset Management LLC Sells 37,097 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

O Shaughnessy Asset Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,197 shares of the Wireless communications provider's stock after selling 37,097 shares during the period. O Shaughnessy Asset Management LLC's holdings in T-Mobile US were worth $35,360,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Rakuten Securities Inc. boosted its position in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 62 shares during the last quarter. Dunhill Financial LLC increased its stake in T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 56 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US during the 4th quarter worth approximately $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US during the 4th quarter worth about $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US during the 3rd quarter worth approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TMUS shares. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Morgan Stanley assumed coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. Oppenheimer boosted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Barclays lifted their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Eleven equities research 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. According to data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $256.80.

T-Mobile US Price Performance

T-Mobile US stock traded up $3.91 during mid-day trading on Thursday, reaching $268.47. The company had a trading volume of 2,714,374 shares, compared to its average volume of 4,157,273. The business has a fifty day simple moving average of $255.79 and a 200 day simple moving average of $234.26. The company has a market cap of $306.52 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.55 and a beta of 0.63. 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 fifty-two week low of $159.14 and a fifty-two week 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 for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is currently 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.67% of the company's stock.

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.