Berkshire Hathaway Inc Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Berkshire Hathaway Inc reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,350,000 shares of the Wireless communications provider's stock after selling 322,000 shares during the period. T-Mobile US accounts for about 0.4% of Berkshire Hathaway Inc's investment portfolio, making the stock its 24th largest holding. Berkshire Hathaway Inc owned about 0.38% of T-Mobile US worth $960,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BNP Paribas boosted its position in shares of T-Mobile US by 1.9% in the 4th quarter. BNP Paribas now owns 107,500 shares of the Wireless communications provider's stock worth $24,069,000 after purchasing an additional 2,011 shares in the last quarter. Ancora Advisors LLC grew its stake in shares of T-Mobile US by 16.6% in the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after acquiring an additional 37 shares during the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of T-Mobile US by 13.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 98,750 shares of the Wireless communications provider's stock valued at $21,797,000 after acquiring an additional 11,353 shares in the last quarter. Alaethes Wealth LLC increased its holdings in shares of T-Mobile US by 0.5% during the fourth quarter. Alaethes Wealth LLC now owns 10,604 shares of the Wireless communications provider's stock valued at $2,341,000 after acquiring an additional 51 shares in the last quarter. Finally, 1248 Management LLC bought a new position in T-Mobile US in the 4th quarter worth about $1,154,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Tigress Financial upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Bank of America raised their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada increased their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a report on Friday, March 21st. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Trading Up 0.8 %

Shares of TMUS opened at $248.88 on Friday. The company's fifty day simple moving average is $258.13 and its 200-day simple moving average is $241.76. The company has a market cap of $282.59 billion, a P/E ratio of 25.74, a P/E/G ratio of 1.55 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $161.61 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period in the prior year, the company posted $2.00 EPS. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is currently 34.34%.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business'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 sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is currently owned by corporate insiders.

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.

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