T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Zacks Investment Management

Zacks Investment Management reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,004 shares of the Wireless communications provider's stock after selling 22,428 shares during the quarter. Zacks Investment Management's holdings in T-Mobile US were worth $33,110,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Rakuten Securities Inc. raised its position in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the 4th quarter valued at $28,000. Financial Life Planners bought a new position in T-Mobile US in the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC lifted its stake in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 73 shares during the period. Finally, Albion Financial Group UT bought a new stake in shares of T-Mobile US during the 4th quarter valued at $39,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TMUS shares. Tigress Financial reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Barclays lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

T-Mobile US Stock Up 0.9 %

NASDAQ TMUS traded up $2.40 during trading on Friday, reaching $262.04. 3,488,338 shares of the company's stock traded hands, compared to its average volume of 4,234,419. T-Mobile US, Inc. has a 12-month low of $160.62 and a 12-month high of $276.49. 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 firm has a market cap of $299.18 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company's 50 day simple moving average is $261.54 and its two-hundred day simple moving average is $239.03.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company 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 $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. T-Mobile US's dividend payout ratio is presently 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the 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 directly owns 3,291 shares of the company's stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.67% of the company's stock.

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.