WestEnd Advisors LLC Sells 11,494 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

WestEnd Advisors LLC lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,582 shares of the Wireless communications provider's stock after selling 11,494 shares during the period. T-Mobile US makes up 1.4% of WestEnd Advisors LLC's investment portfolio, making the stock its 15th largest holding. WestEnd Advisors LLC's holdings in T-Mobile US were worth $51,364,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Godsey & Gibb Inc. raised its holdings in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 60 shares during the last quarter. Rakuten Securities Inc. raised its holdings in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the fourth quarter worth about $28,000. City Holding Co. raised its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares during the last quarter. Finally, Adirondack Trust Co. raised its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 110 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TMUS shares. Hsbc Global Res cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Royal Bank Of Canada lifted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Tigress Financial lifted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Benchmark reissued a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a report 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's stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and an average price target of $257.68.

Insider Buying and Selling 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 that occurred on Thursday, June 12th. The shares were sold at an average price of $228.75, for a total value of $15,975,900.00. Following the completion of the transaction, the director now directly owns 588,413,779 shares in the company, valued at $134,599,651,946.25. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 419,040 shares of company stock valued at $94,880,434. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Up 1.7%

Shares of TMUS stock opened at $235.25 on Friday. 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 $267.11 billion, a P/E ratio of 22.95, a P/E/G ratio of 1.30 and a beta of 0.64. 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 50 day simple moving average of $240.00 and a two-hundred day simple moving average of $242.86.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period in the prior year, the company earned $2.00 earnings per share. The firm's revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. T-Mobile US's dividend 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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.