Comerica Bank Cuts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Comerica Bank cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,270 shares of the Wireless communications provider's stock after selling 9,526 shares during the quarter. Comerica Bank's holdings in T-Mobile US were worth $30,741,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. AQR Capital Management LLC grew its holdings in shares of T-Mobile US by 5.6% in the fourth quarter. AQR Capital Management LLC now owns 684,715 shares of the Wireless communications provider's stock valued at $151,137,000 after purchasing an additional 36,178 shares in the last quarter. AdvisorShares Investments LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at $455,000. Northern Trust Corp boosted its holdings in T-Mobile US by 13.8% in the fourth quarter. Northern Trust Corp now owns 5,325,541 shares of the Wireless communications provider's stock valued at $1,175,507,000 after purchasing an additional 645,892 shares during the period. Rinkey Investments increased its holdings in T-Mobile US by 45.0% during the 4th quarter. Rinkey Investments now owns 8,728 shares of the Wireless communications provider's stock worth $1,927,000 after purchasing an additional 2,709 shares during the period. Finally, Aquatic Capital Management LLC raised its position in T-Mobile US by 41.2% in the 4th quarter. Aquatic Capital Management LLC now owns 95,191 shares of the Wireless communications provider's stock valued at $21,012,000 after purchasing an additional 27,791 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TMUS shares. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Bank of America increased their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Hsbc Global Res downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Finally, Oppenheimer increased their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Price Performance

NASDAQ:TMUS traded up $0.93 during trading hours on Tuesday, reaching $249.23. 799,780 shares of the company traded hands, compared to its average volume of 4,227,504. T-Mobile US, Inc. has a 1-year low of $161.61 and a 1-year high of $276.49. The stock has a market cap of $282.99 billion, a P/E ratio of 25.76, a P/E/G ratio of 1.55 and a beta of 0.69. The firm's 50-day moving average is $257.82 and its 200-day moving average is $242.08. 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 (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 EPS. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.41%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

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.