Wedge Capital Management L L P NC Sells 16,406 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Wedge Capital Management L L P NC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,352 shares of the Wireless communications provider's stock after selling 16,406 shares during the period. Wedge Capital Management L L P NC's holdings in T-Mobile US were worth $11,997,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its holdings in T-Mobile US by 1.7% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 46,731 shares of the Wireless communications provider's stock worth $8,233,000 after acquiring an additional 761 shares during the last quarter. Ieq Capital LLC increased its holdings in T-Mobile US by 11.7% in the second quarter. Ieq Capital LLC now owns 34,116 shares of the Wireless communications provider's stock valued at $6,011,000 after purchasing an additional 3,567 shares during the period. AE Wealth Management LLC increased its holdings in T-Mobile US by 4.1% in the second quarter. AE Wealth Management LLC now owns 16,792 shares of the Wireless communications provider's stock valued at $2,958,000 after purchasing an additional 657 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in T-Mobile US by 3.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 122,831 shares of the Wireless communications provider's stock worth $21,640,000 after purchasing an additional 4,266 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of T-Mobile US by 0.5% in the 2nd quarter. Pacer Advisors Inc. now owns 108,508 shares of the Wireless communications provider's stock valued at $19,117,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 1.5 %

Shares of NASDAQ TMUS traded up $3.22 during trading on Friday, hitting $218.97. The stock had a trading volume of 4,224,613 shares, compared to its average volume of 3,337,652. The firm has a fifty day moving average of $228.93 and a two-hundred day moving average of $210.47. The company has a market capitalization of $254.11 billion, a PE ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the firm posted $1.82 EPS. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.61%. T-Mobile US's dividend payout ratio is currently 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Andre Almeida acquired 3,808 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, with a total value of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the sale, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 164,200 shares of company stock worth $37,407,303 in the last ninety days. Company insiders own 0.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TMUS. Daiwa America raised shares of T-Mobile US to a "hold" rating in a research note on Friday, October 25th. Oppenheimer upped their target price on T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Wells Fargo & Company downgraded T-Mobile US from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $240.00 to $220.00 in a report on Monday, January 6th. Scotiabank lifted their price objective on shares of T-Mobile US from $236.00 to $237.00 and gave the company a "sector perform" rating in a research note on Thursday, October 24th. Finally, Citigroup boosted their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $245.74.

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.