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

WestEnd Advisors LLC reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 204,076 shares of the Wireless communications provider’s stock after selling 43,309 shares during the quarter. T-Mobile US makes up about 1.1% of WestEnd Advisors LLC’s holdings, making the stock its 25th largest position. WestEnd Advisors LLC’s holdings in T-Mobile US were worth $45,046,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Brookstone Capital Management acquired a new stake in T-Mobile US during the third quarter valued at approximately $230,000. CWM LLC increased its holdings in shares of T-Mobile US by 9.3% in the 3rd quarter. CWM LLC now owns 51,641 shares of the Wireless communications provider’s stock valued at $10,657,000 after acquiring an additional 4,413 shares during the last quarter. Perpetual Ltd raised its position in shares of T-Mobile US by 88.1% during the 3rd quarter. Perpetual Ltd now owns 5,160 shares of the Wireless communications provider’s stock valued at $1,065,000 after acquiring an additional 2,417 shares in the last quarter. UMB Bank n.a. lifted its stake in T-Mobile US by 3.7% during the third quarter. UMB Bank n.a. now owns 4,100 shares of the Wireless communications provider’s stock worth $846,000 after purchasing an additional 148 shares during the last quarter. Finally, LVW Advisors LLC acquired a new position in T-Mobile US in the third quarter worth $228,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TMUS. Tigress Financial raised their price target on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays raised their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Benchmark reiterated a “buy” rating and set a $255.00 price target on shares of T-Mobile US in a research report on Tuesday, January 28th. Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Seven equities research 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. According to MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $251.79.

Insiders Place Their Bets

In related news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,100 shares of company stock worth $5,501,978 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Down 0.4 %

NASDAQ TMUS opened at $246.24 on Friday. The company has a market capitalization of $281.14 billion, a P/E ratio of 25.46, a PEG ratio of 1.44 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $250.50. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company’s 50 day simple moving average is $225.96 and its 200 day simple moving average is $215.43.

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

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

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.