Pinebridge Investments L.P. Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Pinebridge Investments L.P. lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,540 shares of the Wireless communications provider's stock after selling 60,243 shares during the quarter. Pinebridge Investments L.P.'s holdings in T-Mobile US were worth $50,666,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the fourth quarter worth approximately $28,000. Financial Life Planners acquired a new stake in T-Mobile US during the fourth quarter worth $29,000. Bruce G. Allen Investments LLC raised its position in 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 valued at $36,000 after purchasing an additional 73 shares during the period. Finally, Albion Financial Group UT acquired 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 institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, 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 document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by company insiders.

T-Mobile US Trading Up 1.9 %

NASDAQ TMUS opened at $258.30 on Wednesday. T-Mobile US, Inc. has a 52 week low of $160.62 and a 52 week high of $276.49. The firm has a 50 day moving average of $261.36 and a two-hundred day moving average of $239.91. The stock has a market capitalization of $294.91 billion, a PE ratio of 26.71, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Benchmark reissued a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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