T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,497,132 shares of the Wireless communications provider's stock after selling 821,686 shares during the period. Legal & General Group Plc owned about 0.31% of T-Mobile US worth $771,922,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in T-Mobile US in the fourth quarter worth about $1,802,393,000. Raymond James Financial Inc. purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $452,721,000. Barclays PLC boosted its position in shares of 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. Proficio Capital Partners LLC grew its stake in 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 worth $140,172,000 after purchasing an additional 633,021 shares during the period. Finally, Franklin Resources Inc. raised its holdings 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 worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

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Wall Street Analyst Weigh In

TMUS has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Royal Bank of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Finally, Morgan Stanley initiated coverage on T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

T-Mobile US Price Performance

T-Mobile US stock traded up $2.55 during midday trading on Friday, reaching $258.67. 3,987,274 shares of the stock traded hands, compared to its average volume of 4,240,056. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock's fifty day moving average is $260.28 and its 200-day moving average is $237.28. The stock has a market cap of $295.34 billion, a P/E ratio of 26.75, a PEG ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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 EPS for the current 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 given 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 1.36%. T-Mobile US's dividend payout ratio (DPR) is presently 36.40%.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company's stock.

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.