Tran Capital Management L.P. Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Tran Capital Management L.P. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 44.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,435 shares of the Wireless communications provider’s stock after selling 89,027 shares during the quarter. T-Mobile US comprises about 4.0% of Tran Capital Management L.P.’s investment portfolio, making the stock its 10th largest holding. Tran Capital Management L.P.’s holdings in T-Mobile US were worth $29,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ancora Advisors LLC lifted its holdings in T-Mobile US by 16.6% in the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider’s stock valued at $57,000 after acquiring an additional 37 shares during the last quarter. Snowden Capital Advisors LLC lifted its holdings in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider’s stock valued at $1,411,000 after acquiring an additional 40 shares during the last quarter. Signaturefd LLC lifted its holdings in T-Mobile US by 0.4% in the 4th quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider’s stock valued at $2,499,000 after acquiring an additional 41 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 41 shares during the last quarter. Finally, Continuum Advisory LLC lifted its holdings in T-Mobile US by 0.7% in the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider’s stock valued at $1,340,000 after acquiring an additional 43 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TMUS. UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Royal Bank of Canada boosted their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Eleven investment 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 stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $257.68.

T-Mobile US Trading Down 2.5%

NASDAQ:TMUS opened at $230.94 on Thursday. 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 fifty-two week low of $171.18 and a fifty-two week high of $276.49. The stock’s 50-day moving average is $247.00 and its two-hundred day moving average is $244.04. The stock has a market cap of $262.22 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.52%. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

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.