Principal Financial Group Inc. Sells 87,095 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Principal Financial Group Inc. lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,891,472 shares of the Wireless communications provider's stock after selling 87,095 shares during the quarter. Principal Financial Group Inc. owned approximately 0.16% of T-Mobile US worth $417,505,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMUS. DT Investment Partners LLC grew its position in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC grew its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 56 shares during the last quarter. MFA Wealth Advisors LLC grew its position in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 77 shares during the last quarter. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US in the 3rd quarter worth approximately $34,000. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $2.05 during mid-day trading on Thursday, reaching $265.40. 2,794,675 shares of the stock were exchanged, compared to its average volume of 3,833,108. The business has a fifty day moving average price of $229.68 and a 200 day moving average price of $220.35. The firm has a market capitalization of $303.02 billion, a PE ratio of 27.45, a PEG ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41. 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 (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) 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%. Research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US's dividend payout ratio (DPR) is 36.40%.

Insiders Place Their Bets

In other news, Director Andre Almeida purchased 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the sale, the director now owns 4,021 shares of the company's stock, valued at approximately $989,166. This represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,100 shares of company stock worth $747,378. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on TMUS. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. UBS Group boosted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. BNP Paribas raised shares of T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research report on Friday, October 25th. Finally, Benchmark restated a "buy" rating and set a $255.00 price objective on shares of T-Mobile US in a research note on Tuesday, January 28th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $251.79.

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.