Rhumbline Advisers Sells 50,973 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Rhumbline Advisers trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% during the fourth quarter, Holdings Channel reports. The firm owned 975,746 shares of the Wireless communications provider’s stock after selling 50,973 shares during the quarter. Rhumbline Advisers’ holdings in T-Mobile US were worth $215,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the period. Dunhill Financial LLC lifted its position in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares during the period. Financial Life Planners bought a new position in T-Mobile US during the fourth quarter worth $29,000. MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in T-Mobile US in the third quarter valued at $34,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $270.82 on Friday. The business’s fifty day simple moving average is $227.12 and its 200 day simple moving average is $217.72. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $271.41. The firm has a market capitalization of $309.21 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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 return on equity of 18.09% and a net margin of 13.93%. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.30%. T-Mobile US’s payout ratio is currently 36.40%.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was purchased at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total transaction of $246,000.00. Following the sale, the director now owns 4,021 shares in the company, valued at $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,100 shares of company stock valued at $747,378. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

TMUS has been the subject of several research reports. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Benchmark restated a “buy” rating and set a $255.00 price objective on shares of T-Mobile US in a report on Tuesday, January 28th. Tigress Financial increased their target price on T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Morgan Stanley assumed coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Finally, UBS Group raised their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.79.

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.