Payden & Rygel Sells 5,600 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Payden & Rygel decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,600 shares of the Wireless communications provider's stock after selling 5,600 shares during the period. T-Mobile US comprises 1.4% of Payden & Rygel's portfolio, making the stock its 28th largest holding. Payden & Rygel's holdings in T-Mobile US were worth $16,687,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its holdings in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the fourth quarter valued at about $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TMUS. Royal Bank of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Benchmark reiterated a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Scotiabank lifted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Finally, KeyCorp lowered T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target on the stock. in a research note on Thursday, December 12th. 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, the company presently has an average rating of "Moderate Buy" and a consensus target price of $256.80.

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Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.67% of the company's stock.

T-Mobile US Stock Up 1.0 %

NASDAQ TMUS traded up $2.48 during trading on Thursday, hitting $257.38. The stock had a trading volume of 2,657,904 shares, compared to its average volume of 4,233,667. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. 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 company's 50-day moving average price is $259.49 and its two-hundred day moving average price is $236.51. The company has a market capitalization of $293.86 billion, a PE ratio of 26.46, 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 for the quarter, beating 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%. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

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.