Chevy Chase Trust Holdings LLC Has $45.74 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Chevy Chase Trust Holdings LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 285,301 shares of the Wireless communications provider's stock after selling 6,722 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in T-Mobile US were worth $45,742,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TMUS. Norges Bank bought a new position in shares of T-Mobile US in the 4th quarter worth about $2,801,442,000. Softbank Group CORP. lifted its position in shares of T-Mobile US by 9.0% in the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider's stock worth $6,019,677,000 after buying an additional 3,566,400 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of T-Mobile US in the 2nd quarter worth about $333,657,000. Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider's stock worth $409,040,000 after buying an additional 2,071,489 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of T-Mobile US by 18.8% in the 4th quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider's stock worth $1,537,838,000 after buying an additional 1,742,108 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now owns 496,036 shares of the company's stock, valued at approximately $79,886,597.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO G Michael Sievert sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total transaction of $6,442,000.00. Following the completion of the transaction, the chief executive officer now owns 496,036 shares of the company's stock, valued at $79,886,597.80. The disclosure for this sale can be found here. Insiders have sold 5,918,567 shares of company stock valued at $963,239,758 in the last quarter. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TMUS. Tigress Financial raised their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 8th. KeyCorp dropped their price objective on shares of T-Mobile US from $183.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, January 26th. Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. Oppenheimer reaffirmed an "outperform" rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Wednesday. Finally, Raymond James increased their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Buy" and a consensus target price of $185.93.

T-Mobile US Price Performance

T-Mobile US stock traded down $0.50 during trading hours on Friday, hitting $161.11. 3,180,190 shares of the company traded hands, compared to its average volume of 4,578,171. The firm has a market cap of $191.22 billion, a P/E ratio of 23.32, a P/E/G ratio of 0.66 and a beta of 0.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The firm's 50-day simple moving average is $162.55 and its two-hundred day simple moving average is $154.55. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). The company had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 8.98 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 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.61%. T-Mobile US's dividend payout ratio is currently 37.52%.

T-Mobile US Company 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.