Mercer Global Advisors Inc. ADV Sells 3,806 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mercer Global Advisors Inc. ADV trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,844 shares of the Wireless communications provider's stock after selling 3,806 shares during the period. Mercer Global Advisors Inc. ADV's holdings in T-Mobile US were worth $11,885,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Principal Financial Group Inc. boosted its stake in T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after buying an additional 47,350 shares during the period. Barclays PLC boosted its stake in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. World Investment Advisors LLC bought a new position in T-Mobile US during the 3rd quarter valued at about $510,000. Wilmington Savings Fund Society FSB purchased a new stake in T-Mobile US in the 3rd quarter worth about $1,375,000. Finally, Franklin Resources Inc. lifted its stake in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent analyst reports. Oppenheimer increased their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Finally, Evercore ISI raised shares of T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Price Performance

TMUS opened at $248.88 on Friday. The firm has a market capitalization of $282.89 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The business's 50-day moving average is $258.13 and its two-hundred day moving average is $241.61. T-Mobile US, Inc. has a 1 year low of $161.61 and a 1 year high of $276.49.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.41%. T-Mobile US's payout ratio is 34.34%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.

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.

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