T-Mobile US, Inc. (NASDAQ:TMUS) Stake Lowered by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,667 shares of the Wireless communications provider’s stock after selling 12,060 shares during the period. T-Mobile US comprises 3.7% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 6th largest holding. Corbyn Investment Management Inc. MD’s holdings in T-Mobile US were worth $7,803,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. Clearbridge Investments LLC grew its stake in T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 90.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after buying an additional 1,190,813 shares in the last quarter. Third Point LLC purchased a new position in shares of T-Mobile US in the 3rd quarter worth approximately $140,050,000. Royal Bank of Canada lifted its position in T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after acquiring an additional 693,443 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in T-Mobile US by 67.3% in the third quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider’s stock valued at $226,046,000 after acquiring an additional 649,178 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the sale, the chief executive officer now owns 496,036 shares in the company, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,800,979 shares of company stock valued at $940,632,554. 0.70% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 0.4 %

Shares of T-Mobile US stock traded down $0.64 on Friday, reaching $163.41. The company had a trading volume of 3,808,479 shares, compared to its average volume of 4,510,050. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $193.95 billion, a PE ratio of 23.55, a PEG ratio of 0.68 and a beta of 0.49. The firm’s 50 day moving average price is $162.44 and its two-hundred day moving average price is $156.81. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the company earned $1.58 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 8.83 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s dividend payout ratio (DPR) is presently 37.52%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. Citigroup raised their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp raised their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday. Raymond James upped their target price 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. Finally, Oppenheimer restated an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $186.87.

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.