Gladstone Institutional Advisory LLC Cuts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Gladstone Institutional Advisory LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 29.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,206 shares of the Wireless communications provider’s stock after selling 3,022 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in T-Mobile US were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TMUS. Norges Bank purchased a new stake in T-Mobile US during the 4th quarter valued at approximately $3,338,708,000. Clearbridge Investments LLC grew its holdings in T-Mobile US by 243.9% during the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after buying an additional 2,071,489 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in T-Mobile US by 90.5% during 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 stake in T-Mobile US during the 3rd quarter valued at approximately $140,050,000. Finally, Royal Bank of Canada boosted its position in shares of T-Mobile US by 7.1% during the 3rd 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. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.3 %

NASDAQ:TMUS opened at $164.36 on Wednesday. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a market cap of $192.61 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The stock has a fifty day simple moving average of $162.45 and a 200-day simple moving average of $159.81. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned $1.58 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. Citigroup increased their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. KeyCorp increased their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Tigress Financial increased their target price on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Fourteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $186.33.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $164.57, for a total transaction of $32,076,338.70. Following the transaction, the director now owns 686,422,451 shares in the company, valued at $112,964,542,761.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $163.71, for a total value of $3,274,200.00. Following the transaction, the chief executive officer now owns 476,036 shares in the company, valued at $77,931,853.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $164.57, for a total value of $32,076,338.70. Following the completion of the transaction, the director now owns 686,422,451 shares in the company, valued at approximately $112,964,542,761.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,835,010 shares of company stock worth $1,112,834,913. Company insiders own 0.67% of the company’s stock.

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.