Massachusetts Financial Services Co. MA Sells 403,671 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Massachusetts Financial Services Co. MA reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,594,052 shares of the Wireless communications provider’s stock after selling 403,671 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.14% of T-Mobile US worth $351,855,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TMUS. Principal Financial Group Inc. boosted its stake in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the period. Holocene Advisors LP acquired a new position in shares of T-Mobile US during the third quarter worth about $2,544,000. Hilltop Holdings Inc. grew its holdings in shares of T-Mobile US by 36.1% during the third quarter. Hilltop Holdings Inc. now owns 4,209 shares of the Wireless communications provider’s stock worth $868,000 after buying an additional 1,117 shares in the last quarter. IHT Wealth Management LLC lifted its stake in T-Mobile US by 28.1% in the 3rd quarter. IHT Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock valued at $580,000 after acquiring an additional 616 shares in the last quarter. Finally, Motley Fool Asset Management LLC boosted its position in T-Mobile US by 2.9% during the 3rd quarter. Motley Fool Asset Management LLC now owns 46,965 shares of the Wireless communications provider’s stock worth $9,679,000 after acquiring an additional 1,306 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TMUS. Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $256.80.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $264.56 on Thursday. The stock has a 50 day simple moving average of $255.79 and a 200 day simple moving average of $234.26. The stock has a market cap of $302.06 billion, a P/E ratio of 27.36, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. 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 (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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%. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US’s 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 stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.67% of the company’s stock.

T-Mobile US 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.