Bartlett & CO. Wealth Management LLC reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 33.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,451 shares of the Wireless communications provider's stock after selling 35,617 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in T-Mobile US were worth $14,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of T-Mobile US by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider's stock worth $10,244,764,000 after acquiring an additional 636,192 shares during the period. State Street Corp boosted its holdings in shares of T-Mobile US by 4.7% during the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider's stock worth $5,801,155,000 after buying an additional 1,092,769 shares during the period. Capital International Investors boosted its holdings in shares of T-Mobile US by 5.5% during the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider's stock worth $3,285,608,000 after buying an additional 711,278 shares during the period. Wellington Management Group LLP boosted its holdings in shares of T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider's stock worth $1,891,845,000 after buying an additional 453,096 shares during the period. 42.49% of the stock is currently owned by institutional investors.
T-Mobile US Stock Performance
NASDAQ:TMUS opened at $195.71 on Friday. The stock has a fifty day moving average price of $210.22 and a 200-day moving average price of $209.30. The company has a market cap of $215.65 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.26 and a beta of 0.43. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $267.96.
T-Mobile US Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, May 29th. T-Mobile US's dividend payout ratio is presently 42.02%.
Insider Activity
In other news, Director Raul Marcelo Claure sold 550,000 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director owned 891,204 shares of the company's stock, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Peter Osvaldik sold 27,000 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the sale, the chief financial officer directly owned 51,573 shares of the company's stock, valued at approximately $11,080,974.78. This trade represents a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by insiders.
Wall Street Analyst Weigh In
TMUS has been the subject of several research analyst reports. DZ Bank reaffirmed a "buy" rating on shares of T-Mobile US in a report on Friday, February 13th. UBS Group reaffirmed a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. BNP Paribas Exane reduced their target price on shares of T-Mobile US from $300.00 to $275.00 and set an "outperform" rating for the company in a report on Friday, January 16th. TD Cowen reduced their price target on T-Mobile US from $263.00 to $252.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Finally, Weiss Ratings downgraded T-Mobile US from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $258.30.
Read Our Latest Stock Report on TMUS
Key Stories Impacting T-Mobile US
Here are the key news stories impacting T-Mobile US this week:
T-Mobile US Company Profile
(
Free Report)
T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.
Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.
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