T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Ossiam

Ossiam lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 15.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,714 shares of the Wireless communications provider's stock after selling 5,593 shares during the quarter. Ossiam's holdings in T-Mobile US were worth $6,780,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Rakuten Securities Inc. lifted its stake 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 valued at $28,000 after purchasing an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in T-Mobile US during the fourth quarter valued at approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the fourth quarter worth approximately $29,000. Bruce G. Allen Investments LLC increased its position in shares of T-Mobile US by 79.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Finally, Albion Financial Group UT purchased a new position in shares of T-Mobile US in the 4th quarter valued at $39,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TMUS shares. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Scotiabank boosted their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research report on Monday, March 3rd. Barclays increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Tigress Financial reissued a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Bank of America lifted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Eleven equities research 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 stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $256.80.

T-Mobile US Stock Performance

NASDAQ TMUS traded down $29.52 during trading hours on Friday, reaching $232.66. The company's stock had a trading volume of 8,173,661 shares, compared to its average volume of 4,252,771. T-Mobile US, Inc. has a 52 week low of $160.62 and a 52 week high of $276.49. The stock has a market cap of $264.45 billion, a PE ratio of 24.04, a PEG 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. The business has a 50-day simple moving average of $260.96 and a 200 day simple moving average of $240.42.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. Equities research 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 announced 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 1.51%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.67% of the company's stock.

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.