CX Institutional Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

CX Institutional lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 31,144 shares of the Wireless communications provider's stock after selling 1,653 shares during the quarter. CX Institutional's holdings in T-Mobile US were worth $8,307,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. GAMMA Investing LLC raised its holdings in shares of T-Mobile US by 29,289.4% during the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after acquiring an additional 2,777,657 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of T-Mobile US during the fourth quarter valued at approximately $452,721,000. Finally, Capital International Investors raised its holdings in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.3%

Shares of NASDAQ TMUS traded down $0.70 during trading on Friday, reaching $228.00. The company had a trading volume of 4,379,818 shares, compared to its average volume of 4,079,641. T-Mobile US, Inc. has a 12-month low of $173.74 and a 12-month high of $276.49. The stock has a market cap of $258.88 billion, a PE ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64. The business's 50-day moving average is $246.27 and its 200 day moving average is $243.85. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.67 billion. During the same period last year, the firm posted $2.00 earnings per share. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TMUS shares. Benchmark restated a "buy" rating and set a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. UBS Group downgraded T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. 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 price target on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $257.68.

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.