T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Lowered by Legal & General Group Plc

Legal & General Group Plc cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 19.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,497,132 shares of the Wireless communications provider’s stock after selling 821,686 shares during the quarter. Legal & General Group Plc owned about 0.31% of T-Mobile US worth $771,922,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. grew its position in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 56 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the 4th quarter worth $28,000. Financial Life Planners acquired a new stake in shares of T-Mobile US during the fourth quarter worth $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at $34,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $248.11 on Monday. The company has a market capitalization of $283.28 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The company’s fifty day moving average price is $257.41 and its 200 day moving average price is $235.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

A number of analysts have commented on TMUS shares. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. KeyCorp downgraded shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research note on Thursday, December 12th. Barclays increased their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $256.80.

T-Mobile US 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.