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

Private Ocean LLC decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 38.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,009 shares of the Wireless communications provider’s stock after selling 625 shares during the period. Private Ocean LLC’s holdings in T-Mobile US were worth $165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of T-Mobile US in the 4th quarter worth approximately $3,338,708,000. Morgan Stanley boosted its position in T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after purchasing an additional 104,490 shares during the period. Royal Bank of Canada boosted its position in 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 purchasing an additional 693,443 shares during the period. Wellington Management Group LLP boosted its position in T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after purchasing an additional 23,800 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TMUS. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, May 29th. KeyCorp lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Royal Bank of Canada lifted their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Bank of America lifted their target price on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average price target of $190.36.

Insider Activity

In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $162.39, for a total transaction of $30,800,511.30. Following the transaction, the director now directly owns 681,616,136 shares of the company’s stock, valued at $110,687,644,325.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the transaction, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders sold a total of 6,779,170 shares of company stock valued at $1,133,297,126 over the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.7 %

Shares of T-Mobile US stock opened at $176.18 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The firm has a market cap of $206.46 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50. The business has a fifty day simple moving average of $169.84 and a 200-day simple moving average of $164.50. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $182.67.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate 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 business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the prior year, the business posted $1.58 earnings per share. T-Mobile US’s revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is 35.37%.

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.