Wellington Management Group LLP Trims Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Wellington Management Group LLP trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,632,715 shares of the Wireless communications provider's stock after selling 2,891,814 shares during the quarter. Wellington Management Group LLP owned 1.11% of T-Mobile US worth $2,788,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the period. Dunhill Financial LLC grew its stake in T-Mobile US by 76.7% in the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners purchased a new stake in shares of T-Mobile US during the fourth quarter valued at about $29,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of T-Mobile US in the 3rd quarter valued at about $34,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

T-Mobile US stock traded up $4.30 during midday trading on Thursday, reaching $268.86. The company had a trading volume of 3,524,521 shares, compared to its average volume of 4,160,818. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The firm's fifty day simple moving average is $255.79 and its 200-day simple moving average is $234.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company has a market capitalization of $306.97 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.55 and a beta of 0.63.

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T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.31%. T-Mobile US's dividend payout ratio is presently 36.40%.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley initiated coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target on the stock. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Wednesday, March 5th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Scotiabank upped their price objective on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a report on Monday, March 3rd. Finally, Royal Bank of Canada lifted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.