Victory Capital Management Inc. Has $183.20 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Victory Capital Management Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 829,986 shares of the Wireless communications provider's stock after selling 107,099 shares during the quarter. Victory Capital Management Inc. owned 0.07% of T-Mobile US worth $183,203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of 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 valued at $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Barclays PLC raised its position in shares of T-Mobile US by 38.3% in 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 during the period. Proficio Capital Partners LLC raised its position in shares of T-Mobile US by 31,353.2% in the fourth quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock valued at $140,172,000 after purchasing an additional 633,021 shares during the period. Wellington Management Group LLP raised its position in shares of T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after purchasing an additional 602,786 shares during the period. Finally, Franklin Resources Inc. increased its position in T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the period. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMUS. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Bank of America raised their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.10.

T-Mobile US Trading Down 0.7 %

NASDAQ TMUS traded down $1.91 during trading hours on Wednesday, reaching $262.74. The company's stock had a trading volume of 5,156,246 shares, compared to its average volume of 4,018,747. The firm has a fifty day simple moving average of $238.17 and a 200-day simple moving average of $225.48. The stock has a market cap of $299.98 billion, a P/E ratio of 27.17, a P/E/G ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $276.49. 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 (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Equities analysts forecast 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.34%. T-Mobile US's payout ratio is 36.40%.

Insiders Place Their Bets

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre Almeida acquired 3,808 shares of the stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company's stock.

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.