Massachusetts Financial Services Co. MA Sells 562,003 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Massachusetts Financial Services Co. MA reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 35.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,032,049 shares of the Wireless communications provider's stock after selling 562,003 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.09% of T-Mobile US worth $275,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Burling Wealth Partners LLC acquired a new stake in T-Mobile US during the 4th quarter worth approximately $2,539,000. Mizuho Securities USA LLC lifted its holdings in T-Mobile US by 45.4% during the 4th quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider's stock worth $10,197,000 after purchasing an additional 14,418 shares during the last quarter. Advisor Resource Council acquired a new stake in T-Mobile US during the 1st quarter worth approximately $463,000. Westpac Banking Corp lifted its holdings in T-Mobile US by 25.4% during the 4th quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock worth $2,304,000 after purchasing an additional 2,113 shares during the last quarter. Finally, Main Street Research LLC lifted its holdings in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after purchasing an additional 1,788 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $228.28, for a total value of $15,943,075.20. Following the sale, the director owned 647,171,964 shares in the company, valued at approximately $147,736,415,941.92. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 1,116,990 shares of company stock valued at $256,892,992. Insiders own 0.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. Benchmark reaffirmed a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a report on Thursday, March 27th. Morgan Stanley lifted their price objective on T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $252.61.

T-Mobile US Price Performance

TMUS stock traded down $1.78 during midday trading on Thursday, reaching $226.96. 1,924,529 shares of the stock were exchanged, compared to its average volume of 4,094,677. The stock has a market capitalization of $257.70 billion, a PE ratio of 22.13, a P/E/G ratio of 1.26 and a beta of 0.62. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The company has a fifty day moving average price of $236.04 and a 200 day moving average price of $243.63.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued 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. The business had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

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.