WestEnd Advisors LLC Sells 43,309 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

WestEnd Advisors LLC cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,076 shares of the Wireless communications provider's stock after selling 43,309 shares during the quarter. T-Mobile US comprises about 1.1% of WestEnd Advisors LLC's portfolio, making the stock its 25th biggest holding. WestEnd Advisors LLC's holdings in T-Mobile US were worth $45,046,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in 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 buying an additional 602,786 shares in the last quarter. FMR LLC boosted its position in shares of T-Mobile US by 13.4% during the 3rd 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 in the last quarter. Franklin Resources Inc. increased its stake 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 acquiring an additional 590,711 shares during the last quarter. Barclays PLC raised its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake 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 worth $408,297,000 after purchasing an additional 47,350 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Down 0.4 %

TMUS stock traded down $0.93 during trading on Friday, hitting $246.24. 3,434,435 shares of the company traded hands, compared to its average volume of 3,682,888. The firm has a market capitalization of $281.14 billion, a PE ratio of 25.46, a P/E/G ratio of 1.44 and a beta of 0.56. The company has a 50-day moving average of $225.96 and a 200-day moving average of $215.70. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $250.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping 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%. Analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. T-Mobile US's dividend payout ratio is presently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andre Almeida bought 3,808 shares of the firm's stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 23,100 shares of company stock valued at $5,501,978 over the last ninety days. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on TMUS shares. Sanford C. Bernstein assumed coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a "market perform" rating and a $265.00 price objective on the stock. Citigroup upped their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. UBS Group increased their price target on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Benchmark reaffirmed a "buy" rating and issued a $255.00 target price on shares of T-Mobile US in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $251.79.

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.