Payden & Rygel Sells 5,600 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Payden & Rygel decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,600 shares of the Wireless communications provider’s stock after selling 5,600 shares during the period. T-Mobile US makes up 1.4% of Payden & Rygel’s holdings, making the stock its 28th biggest position. Payden & Rygel’s holdings in T-Mobile US were worth $16,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of T-Mobile US by 1.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,073,800 shares of the Wireless communications provider’s stock valued at $237,020,000 after buying an additional 12,862 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in T-Mobile US in the 4th quarter valued at approximately $784,000. Aviva PLC boosted its position in T-Mobile US by 31.9% in the fourth quarter. Aviva PLC now owns 423,824 shares of the Wireless communications provider’s stock valued at $93,551,000 after buying an additional 102,413 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new position in T-Mobile US in the fourth quarter valued at about $43,068,000. Finally, Systematic Alpha Investments LLC grew its stake in shares of T-Mobile US by 5.1% in the fourth quarter. Systematic Alpha Investments LLC now owns 76,760 shares of the Wireless communications provider’s stock worth $16,943,000 after purchasing an additional 3,740 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 7.4 %

TMUS opened at $248.11 on Friday. The company has a market cap of $283.28 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The business’s fifty day moving average is $257.41 and its two-hundred day moving average is $234.79. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Benchmark reiterated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Royal Bank of Canada upped their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Finally, Bank of America boosted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $256.80.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.