Boston Common Asset Management LLC cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,636 shares of the Wireless communications provider's stock after selling 8,381 shares during the period. Boston Common Asset Management LLC's holdings in T-Mobile US were worth $26,407,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. FMR LLC lifted its stake in T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares during the last quarter. Barclays PLC lifted its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the last quarter. Wellington Management Group LLP grew its stake 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 purchasing an additional 602,786 shares in the last quarter. Franklin Resources Inc. increased 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 valued at $1,448,426,000 after buying an additional 590,711 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in T-Mobile US by 36.9% in the fourth quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider's stock valued at $324,960,000 after buying an additional 397,345 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.
T-Mobile US Price Performance
Shares of NASDAQ TMUS traded up $3.22 during trading on Friday, hitting $218.97. 4,224,613 shares of the company were exchanged, compared to its average volume of 3,337,652. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15. The company has a market cap of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56. The firm's fifty day moving average price is $228.93 and its 200 day moving average price is $210.26.
T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.
T-Mobile US Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US's dividend payout ratio is currently 40.14%.
Analysts Set New Price Targets
A number of research analysts recently commented on TMUS shares. Evercore ISI increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Bank of America raised their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Sanford C. Bernstein started coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 target price for the company. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a research report on Friday, October 25th. Finally, Barclays lifted their price target on T-Mobile US from $215.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $245.74.
View Our Latest Stock Report on TMUS
Insider Activity at T-Mobile US
In related news, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares of the company's stock, valued at approximately $1,015,300. This represents a 71.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares of the company's stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,200 shares of company stock valued at $37,407,303 in the last ninety days. Corporate insiders own 0.67% of the company's stock.
T-Mobile US Company Profile
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Free Report)
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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