T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Tran Capital Management L.P.

Tran Capital Management L.P. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 44.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,435 shares of the Wireless communications provider's stock after selling 89,027 shares during the period. T-Mobile US comprises approximately 4.0% of Tran Capital Management L.P.'s holdings, making the stock its 10th largest position. Tran Capital Management L.P.'s holdings in T-Mobile US were worth $29,454,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Gladstone Institutional Advisory LLC purchased a new stake in shares of T-Mobile US during the 4th quarter worth about $1,552,000. Van ECK Associates Corp lifted its stake in T-Mobile US by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 20,855 shares of the Wireless communications provider's stock valued at $4,603,000 after acquiring an additional 625 shares during the last quarter. CFC Planning Co LLC acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $476,000. Avantax Advisory Services Inc. lifted its stake in T-Mobile US by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 37,478 shares of the Wireless communications provider's stock valued at $8,272,000 after acquiring an additional 1,859 shares during the last quarter. Finally, Burling Wealth Partners LLC acquired a new stake in T-Mobile US in the fourth quarter valued at approximately $2,539,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of analyst reports. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Benchmark restated a "buy" rating and issued a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $0.70 during trading hours on Friday, hitting $228.00. 4,379,818 shares of the company traded hands, compared to its average volume of 4,079,503. The stock has a market capitalization of $258.88 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a twelve month low of $173.74 and a twelve month high of $276.49. The firm has a 50-day moving average of $246.27 and a 200 day moving average of $243.85. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

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, beating the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 EPS. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 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.