Dearborn Partners LLC Sells 918 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Dearborn Partners LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 164,952 shares of the Wireless communications provider’s stock after selling 918 shares during the period. T-Mobile US makes up approximately 1.5% of Dearborn Partners LLC’s holdings, making the stock its 26th biggest holding. Dearborn Partners LLC’s holdings in T-Mobile US were worth $36,410,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at about $483,000. CWA Asset Management Group LLC bought a new stake in shares of T-Mobile US in the third quarter valued at about $388,000. Verdence Capital Advisors LLC boosted its position in shares of T-Mobile US by 6.0% during the third quarter. Verdence Capital Advisors LLC now owns 5,471 shares of the Wireless communications provider’s stock worth $1,129,000 after buying an additional 308 shares during the period. Finally, Assetmark Inc. grew its holdings in shares of T-Mobile US by 4.4% during the third quarter. Assetmark Inc. now owns 40,829 shares of the Wireless communications provider’s stock worth $8,426,000 after buying an additional 1,721 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $266.63 on Tuesday. The stock has a market cap of $304.42 billion, a PE ratio of 27.57, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a 50-day moving average of $240.72 and a 200-day moving average of $227.13. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.32%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on TMUS. Benchmark restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Scotiabank increased their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $254.10.

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.