Rhumbline Advisers Sells 50,973 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Rhumbline Advisers trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 975,746 shares of the Wireless communications provider's stock after selling 50,973 shares during the period. Rhumbline Advisers owned approximately 0.08% of T-Mobile US worth $215,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TMUS. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after acquiring an additional 602,786 shares in the last quarter. FMR LLC lifted its holdings in shares of T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock valued at $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Barclays PLC increased its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TMUS shares. Barclays raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. The Goldman Sachs Group boosted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Scotiabank boosted their target price on T-Mobile US from $234.00 to $247.00 and gave the stock a "sector perform" rating in a report on Thursday, January 30th. Finally, Tigress Financial lifted their price target on shares of T-Mobile US from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $251.79.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andre Almeida purchased 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company's stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 over the last quarter. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock traded up $0.14 during mid-day trading on Wednesday, reaching $263.35. The stock had a trading volume of 3,787,352 shares, compared to its average volume of 3,865,535. The firm has a market cap of $300.68 billion, a PE ratio of 27.23, a P/E/G ratio of 1.58 and a beta of 0.56. 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, Inc. has a one year low of $158.84 and a one year high of $271.41. The firm's 50 day simple moving average is $229.10 and its 200 day simple moving average is $220.05.

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, 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%. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm 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. This represents a $3.52 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

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.