Shelton Capital Management Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Shelton Capital Management cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 3.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,455 shares of the Wireless communications provider's stock after selling 6,209 shares during the quarter. T-Mobile US comprises about 0.8% of Shelton Capital Management's holdings, making the stock its 13th biggest holding. Shelton Capital Management's holdings in T-Mobile US were worth $33,651,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. increased its stake in shares of T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after acquiring an additional 384,956 shares in the last quarter. Norges Bank bought a new stake in T-Mobile US during the fourth quarter worth about $1,802,393,000. Franklin Resources Inc. grew its holdings in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of T-Mobile US by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider's stock valued at $712,966,000 after purchasing an additional 85,012 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business'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 of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TMUS. Scotiabank raised their price objective on 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. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Bank of America lifted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. HSBC lowered shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their target price on T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $2.55 during trading on Friday, hitting $258.67. 3,987,274 shares of the company's stock were exchanged, compared to its average volume of 4,241,707. The business's 50-day simple moving average is $260.28 and its 200 day simple moving average is $237.51. 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, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The company has a market cap of $295.34 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate 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, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. T-Mobile US's payout ratio is currently 36.40%.

T-Mobile US 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.