Cannell & Spears LLC Sells 7,890 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cannell & Spears LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,110 shares of the Wireless communications provider's stock after selling 7,890 shares during the period. Cannell & Spears LLC's holdings in T-Mobile US were worth $4,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Dunhill Financial LLC raised its stake in shares of T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 56 shares during the period. Rakuten Securities Inc. increased its position 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 last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the fourth quarter valued at $28,000. Financial Life Planners bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US during the third quarter valued at $34,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. Barclays increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Sanford C. Bernstein initiated coverage on T-Mobile US in a research note on Tuesday, December 10th. They set a "market perform" rating and a $265.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Finally, KeyCorp downgraded shares of T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective for the company. in a report on Thursday, December 12th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $256.80.

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T-Mobile US Price Performance

NASDAQ:TMUS traded down $19.78 during midday trading on Friday, hitting $248.11. 7,947,288 shares of the stock were exchanged, compared to its average volume of 4,194,725. The business has a 50-day moving average price of $257.41 and a two-hundred day moving average price of $235.01. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $283.28 billion, a price-to-earnings ratio of 25.66, a P/E/G ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49.

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 EPS 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%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.42%. T-Mobile US's payout ratio is presently 36.40%.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company's stock.

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.