Boston Partners Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Boston Partners lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,549,173 shares of the Wireless communications provider's stock after selling 298,247 shares during the quarter. Boston Partners owned 0.14% of T-Mobile US worth $341,741,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TMUS. Principal Financial Group Inc. increased 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 during the last quarter. Empowered Funds LLC increased its position in T-Mobile US by 66.4% during the third quarter. Empowered Funds LLC now owns 17,640 shares of the Wireless communications provider's stock valued at $3,640,000 after acquiring an additional 7,042 shares during the last quarter. Claro Advisors LLC increased its position in T-Mobile US by 26.4% during the third quarter. Claro Advisors LLC now owns 2,195 shares of the Wireless communications provider's stock valued at $453,000 after acquiring an additional 458 shares during the last quarter. Aljian Capital Management LLC purchased a new stake in T-Mobile US during the third quarter valued at $859,000. Finally, MAI Capital Management increased its position in T-Mobile US by 287.5% in the third quarter. MAI Capital Management now owns 40,760 shares of the Wireless communications provider's stock worth $8,411,000 after buying an additional 30,240 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays upped their price target on T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Bank of America upped their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Tigress Financial restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Morgan Stanley started coverage on T-Mobile US in a research report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $255.80.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of the firm'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 value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock traded down $1.19 during midday trading on Friday, reaching $255.84. 9,207,016 shares of the stock traded hands, compared to its average volume of 3,981,357. The stock's fifty day moving average is $248.19 and its 200-day moving average is $230.36. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49. The stock has a market cap of $292.10 billion, a P/E ratio of 26.46, a PEG ratio of 1.55 and a beta of 0.64. 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 (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is 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.