Shelton Capital Management Sells 6,209 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Shelton Capital Management cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,455 shares of the Wireless communications provider’s stock after selling 6,209 shares during the period. T-Mobile US accounts for approximately 0.8% of Shelton Capital Management’s portfolio, making the stock its 13th largest holding. Shelton Capital Management’s holdings in T-Mobile US were worth $33,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of T-Mobile US in the fourth quarter worth $1,802,393,000. Raymond James Financial Inc. bought a new position in T-Mobile US in the 4th quarter worth about $452,721,000. Barclays PLC raised its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of T-Mobile US by 31,353.2% during the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock valued at $140,172,000 after acquiring an additional 633,021 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of T-Mobile US by 9.9% during the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Down 0.6 %

Shares of NASDAQ:TMUS opened at $246.67 on Tuesday. T-Mobile US, Inc. has a 1 year low of $159.14 and a 1 year 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 stock’s 50-day moving average is $257.92 and its 200 day moving average is $235.61. The company has a market cap of $281.63 billion, a PE ratio of 25.51, a P/E/G ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating 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%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. T-Mobile US’s dividend payout ratio is 36.40%.

Insider Activity at T-Mobile US

In other T-Mobile US 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 sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

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.