Fmr LLC Sells 2,726,652 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fmr LLC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,167,118 shares of the Wireless communications provider’s stock after selling 2,726,652 shares during the period. Fmr LLC owned 0.89% of T-Mobile US worth $2,244,188,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Ilmarinen Mutual Pension Insurance Co grew its position in shares of T-Mobile US by 7.6% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 120,847 shares of the Wireless communications provider’s stock valued at $26,675,000 after purchasing an additional 8,500 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in T-Mobile US by 1.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,073,800 shares of the Wireless communications provider’s stock valued at $237,020,000 after purchasing an additional 12,862 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in T-Mobile US in the 4th quarter valued at $784,000. Aviva PLC increased its position in T-Mobile US by 31.9% during the 4th quarter. Aviva PLC now owns 423,824 shares of the Wireless communications provider’s stock worth $93,551,000 after buying an additional 102,413 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new stake in T-Mobile US in the 4th quarter worth about $43,068,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 7.4 %

TMUS opened at $248.11 on Friday. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The stock has a market cap of $283.28 billion, a PE ratio of 25.66, a PEG ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average of $257.41 and a 200-day moving average of $235.01.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly 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 net margin of 13.93% and a return on equity of 18.09%. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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 paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 36.40%.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the business’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 sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TMUS shares. HSBC cut T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Benchmark reiterated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research report on Thursday, March 27th. Scotiabank upped their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.