Sterling Capital Management LLC Has $20.01 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Sterling Capital Management LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,646 shares of the Wireless communications provider's stock after selling 28,549 shares during the quarter. Sterling Capital Management LLC's holdings in T-Mobile US were worth $20,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of 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 acquiring an additional 47,350 shares in the last quarter. MML Investors Services LLC increased its position in T-Mobile US by 16.0% in the 3rd quarter. MML Investors Services LLC now owns 39,456 shares of the Wireless communications provider's stock worth $8,142,000 after purchasing an additional 5,433 shares during the last quarter. Barclays PLC lifted its holdings in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of T-Mobile US by 23.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 812 shares of the Wireless communications provider's stock valued at $168,000 after buying an additional 153 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in T-Mobile US by 6.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 87,722 shares of the Wireless communications provider's stock worth $18,102,000 after buying an additional 5,573 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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T-Mobile US Stock Performance

TMUS stock traded up $4.07 during midday trading on Tuesday, hitting $266.71. The stock had a trading volume of 3,128,955 shares, compared to its average volume of 4,235,717. The firm has a market capitalization of $304.51 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.55 and a beta of 0.63. 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 50-day simple moving average of $260.69 and a 200 day simple moving average of $237.92. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted 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%. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current 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 paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's dividend payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. Barclays increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Bank of America boosted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $256.80.

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.