Banco Bilbao Vizcaya Argentaria S.A. Trims Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,521 shares of the Wireless communications provider's stock after selling 6,303 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in T-Mobile US were worth $23,071,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TMUS. Principal Financial Group Inc. lifted its stake in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after buying an additional 47,350 shares in the last quarter. Barclays PLC lifted its stake in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Passumpsic Savings Bank purchased a new position in T-Mobile US during the third quarter worth about $2,634,000. Pine Valley Investments Ltd Liability Co lifted its position in shares of T-Mobile US by 1.3% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 5,498 shares of the Wireless communications provider's stock worth $1,135,000 after buying an additional 70 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of T-Mobile US during the third quarter valued at approximately $510,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on TMUS. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Wednesday, March 5th. Benchmark reiterated a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Evercore ISI upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Thursday, January 23rd. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Bank of America raised their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Eleven research 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. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $256.80.

T-Mobile US Trading Up 1.1 %

T-Mobile US stock traded up $2.49 during mid-day trading on Tuesday, hitting $239.26. The company's stock had a trading volume of 1,844,975 shares, compared to its average volume of 4,288,777. The business has a 50 day moving average price of $259.82 and a 200-day moving average price of $241.14. 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 12 month low of $161.61 and a 12 month high of $276.49. The stock has a market cap of $271.96 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the previous year, the company posted $2.00 EPS. T-Mobile US's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced 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. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 34.34%.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.67% of the stock is currently owned by company insiders.

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.