Royal London Asset Management Ltd. Sells 2,166 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Royal London Asset Management Ltd. decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 381,206 shares of the Wireless communications provider's stock after selling 2,166 shares during the quarter. Royal London Asset Management Ltd.'s holdings in T-Mobile US were worth $84,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. raised its stake 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 valued at $28,000 after purchasing an additional 62 shares during the period. Dunhill Financial LLC increased its position in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 56 shares during the period. Financial Life Planners purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $29,000. Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US in the third quarter valued at approximately $34,000. Finally, Bruce G. Allen Investments LLC grew its stake in T-Mobile US by 79.3% during the fourth quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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T-Mobile US Trading Up 1.2 %

TMUS traded up $3.12 during midday trading on Monday, reaching $258.96. 2,896,880 shares of the company's stock traded hands, compared to its average volume of 3,978,757. The stock has a market capitalization of $295.67 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The firm has a fifty day moving average of $248.19 and a two-hundred day moving average of $230.79. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly 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 return on equity of 18.09% and a net margin of 13.93%. On average, equities analysts anticipate 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 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 is currently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company'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 transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TMUS. Scotiabank boosted their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research report on Monday, March 3rd. KeyCorp cut T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $255.80.

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.