Morningstar Investment Management LLC Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Morningstar Investment Management LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 28.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,165 shares of the Wireless communications provider's stock after selling 2,863 shares during the period. Morningstar Investment Management LLC's holdings in T-Mobile US were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. DT Investment Partners LLC raised its holdings in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 56 shares during the last quarter. MFA Wealth Advisors LLC lifted its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. Financial Life Planners acquired a new position in T-Mobile US during the 4th quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in T-Mobile US during the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company's stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida bought 3,808 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were purchased 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 trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 3,100 shares of company stock valued at $747,378 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded down $0.23 during midday trading on Friday, hitting $265.17. The company's stock had a trading volume of 3,554,246 shares, compared to its average volume of 3,824,914. The firm has a market capitalization of $302.76 billion, a price-to-earnings ratio of 27.42, a P/E/G ratio of 1.53 and a beta of 0.56. 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 stock has a fifty day moving average price of $230.32 and a 200 day moving average price of $220.66. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $271.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Bank of America lifted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Oppenheimer lifted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. BNP Paribas upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Finally, Morgan Stanley assumed coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 price target on the stock. Seven equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $251.79.

About T-Mobile US

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.