T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,780,424 shares of the Wireless communications provider's stock after selling 111,048 shares during the period. Principal Financial Group Inc. owned about 0.16% of T-Mobile US worth $474,857,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TMUS. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 62 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the 4th quarter valued at approximately $28,000. Adirondack Trust Co. lifted its position in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares in the last quarter. Finally, City Holding Co. lifted its position in shares of T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Tigress Financial increased their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Royal Bank Of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. HSBC lowered T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Wednesday, March 5th. Finally, Hsbc Global Res lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. Eleven investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $237.61, for a total value of $16,594,682.40. Following the sale, the director owned 647,940,204 shares of the company's stock, valued at approximately $153,957,071,872.44. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 558,720 shares of company stock valued at $127,841,422. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.2%

NASDAQ TMUS traded up $2.89 during mid-day trading on Thursday, reaching $240.31. 1,998,845 shares of the company's stock traded hands, compared to its average volume of 4,095,903. T-Mobile US, Inc. has a 1-year low of $173.74 and a 1-year high of $276.49. The company has a fifty day simple moving average of $238.92 and a 200-day simple moving average of $242.92. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The company has a market cap of $272.86 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.31 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter last year, the business posted $2.00 EPS. T-Mobile US's quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts expect 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 Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio 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.