T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 62.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,530 shares of the Wireless communications provider's stock after selling 2,499 shares during the quarter. Fisher Asset Management LLC's holdings in T-Mobile US were worth $338,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Barclays PLC raised its position in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in T-Mobile US during the 4th quarter valued at about $1,552,000. Trust Co. of Vermont grew its stake in T-Mobile US by 11.9% during the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider's stock valued at $5,954,000 after purchasing an additional 2,865 shares during the last quarter. Swedbank AB boosted its stake in shares of T-Mobile US by 5.1% in the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider's stock worth $52,631,000 after buying an additional 12,411 shares during the last quarter. Finally, Rice Partnership LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $7,678,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andre Almeida acquired 3,808 shares of the stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Remove Ads

Analyst Ratings Changes

A number of brokerages have issued reports on TMUS. Royal Bank of Canada reiterated a "sector perform" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 target price for the company. Benchmark restated a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, KeyCorp lowered T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price target for the company. in a research report on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $254.10.

T-Mobile US Stock Performance

Shares of TMUS traded up $2.29 during midday trading on Friday, reaching $265.24. 3,289,580 shares of the stock were exchanged, compared to its average volume of 3,992,415. The business's 50-day moving average price is $239.80 and its 200 day moving average price is $226.42. 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 twelve month low of $158.84 and a twelve month high of $276.49. The company has a market capitalization of $302.84 billion, a price-to-earnings ratio of 27.43, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results 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%. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS 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 $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

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.