Principal Financial Group Inc. Sells 87,095 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Principal Financial Group Inc. lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,891,472 shares of the Wireless communications provider’s stock after selling 87,095 shares during the period. Principal Financial Group Inc. owned approximately 0.16% of T-Mobile US worth $417,505,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. DT Investment Partners LLC increased its position in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Dunhill Financial LLC increased its position in T-Mobile US by 76.7% during the third 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 last quarter. Financial Life Planners bought a new position in T-Mobile US during the fourth quarter valued at $29,000. MFA Wealth Advisors LLC boosted its stake in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of T-Mobile US during the third quarter valued at $34,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the transaction, the director now owns 4,021 shares in the company, valued at approximately $989,166. This represents a 19.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 3,100 shares of company stock worth $747,378 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $270.82 on Monday. T-Mobile US, Inc. has a one year low of $158.84 and a one year high of $271.41. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $309.21 billion, a PE ratio of 28.01, a P/E/G ratio of 1.44 and a beta of 0.56. The company has a 50-day simple moving average of $227.66 and a two-hundred day simple moving average of $218.68.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued 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 dividend yield of 1.30%. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TMUS. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Bank of America boosted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average 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.