GW&K Investment Management LLC Sells 2,461 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

GW&K Investment Management LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 136,465 shares of the Wireless communications provider’s stock after selling 2,461 shares during the period. GW&K Investment Management LLC’s holdings in T-Mobile US were worth $21,879,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OLD National Bancorp IN grew its holdings in shares of T-Mobile US by 1.9% in the fourth quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after acquiring an additional 62 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of T-Mobile US by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after purchasing an additional 66 shares during the last quarter. Transatlantique Private Wealth LLC raised its stake in shares of T-Mobile US by 0.4% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock worth $2,296,000 after purchasing an additional 68 shares during the period. Hohimer Wealth Management LLC grew its position in T-Mobile US by 0.9% during the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after buying an additional 68 shares during the period. Finally, Tranquility Partners LLC raised its position in T-Mobile US by 1.9% in the fourth quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock worth $613,000 after acquiring an additional 71 shares during the period. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 0.4 %

NASDAQ:TMUS traded up $0.64 during trading hours on Wednesday, reaching $165.00. The company’s stock had a trading volume of 556,096 shares, compared to its average volume of 4,447,837. The firm has a 50-day simple moving average of $162.45 and a 200-day simple moving average of $159.81. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64. The firm has a market capitalization of $193.36 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.64 and a beta of 0.48.

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, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the company posted $1.58 EPS. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the sale, the director now directly owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $163.71, for a total value of $3,274,200.00. Following the completion of the transaction, the chief executive officer now directly owns 476,036 shares of the company’s stock, valued at $77,931,853.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 170,903 shares of T-Mobile US stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the sale, the director now directly owns 680,306,713 shares in the company, valued at $108,815,058,744.35. The disclosure for this sale can be found here. Insiders have sold a total of 6,835,010 shares of company stock valued at $1,112,834,913 over the last three months. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Royal Bank of Canada increased their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Benchmark restated a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Citigroup lifted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, TD Cowen cut their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Fourteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Buy” and a consensus target price of $186.33.

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.