River Road Asset Management LLC Reduces Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

River Road Asset Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 65.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,238 shares of the Wireless communications provider’s stock after selling 193,996 shares during the quarter. River Road Asset Management LLC’s holdings in T-Mobile US were worth $16,231,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Counselors Inc. acquired a new stake in T-Mobile US in the 3rd quarter valued at about $218,000. Caprock Group LLC increased its stake in shares of T-Mobile US by 105.8% during the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock worth $3,698,000 after purchasing an additional 11,854 shares in the last quarter. Cerity Partners LLC raised its position in shares of T-Mobile US by 136.8% during the 4th quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock worth $10,096,000 after purchasing an additional 36,374 shares during the last quarter. STF Management LP lifted its stake in T-Mobile US by 150.7% in the 3rd quarter. STF Management LP now owns 19,321 shares of the Wireless communications provider’s stock valued at $2,706,000 after buying an additional 11,614 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in T-Mobile US by 11.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock valued at $38,075,000 after buying an additional 24,412 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $160.45 on Thursday. The business’s fifty day moving average price is $162.28 and its 200 day moving average price is $155.91. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $190.43 billion, a P/E ratio of 23.10, a PEG ratio of 0.65 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. During the same quarter in the previous year, the firm posted $1.18 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 37.52%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Raymond James upped their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Morgan Stanley raised their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Citigroup raised their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, KeyCorp cut their price target on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating for the company in a report on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $185.93.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the sale, the director now directly owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 170,903 shares of T-Mobile US stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the sale, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,835,666 shares of company stock valued at $947,456,630. Company insiders own 0.70% 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.