T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Qtron Investments LLC

Qtron Investments LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,142 shares of the Wireless communications provider’s stock after selling 2,564 shares during the period. Qtron Investments LLC’s holdings in T-Mobile US were worth $1,797,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its position in T-Mobile US by 93.9% in the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the fourth quarter valued at $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the 4th quarter worth about $29,000. Bruce G. Allen Investments LLC raised its position in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. Finally, Albion Financial Group UT purchased a new position in shares of T-Mobile US in the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $258.67 on Friday. The stock has a market capitalization of $295.34 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.55 and a beta of 0.63. 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 1-year low of $159.14 and a 1-year high of $276.49. The business has a 50-day moving average price of $260.28 and a two-hundred day moving average price of $237.28.

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 the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share 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. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s payout ratio is currently 36.40%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TMUS. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price for the company. in a report on Friday, March 14th. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Scotiabank upped their price target on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Finally, Royal Bank of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $256.80.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.67% 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.