Corbyn Investment Management Inc. MD Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Corbyn Investment Management Inc. MD reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,667 shares of the Wireless communications provider's stock after selling 12,060 shares during the quarter. T-Mobile US accounts for about 3.7% of Corbyn Investment Management Inc. MD's investment portfolio, making the stock its 6th largest holding. Corbyn Investment Management Inc. MD's holdings in T-Mobile US were worth $7,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BluePath Capital Management LLC acquired a new position in T-Mobile US during the third quarter worth about $26,000. Valley National Advisers Inc. lifted its holdings in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 123 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider's stock valued at $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in shares of T-Mobile US in the 4th quarter valued at approximately $34,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of T-Mobile US by 54.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 90 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $161.85, for a total value of $31,546,183.50. Following the transaction, the director now owns 689,930,831 shares in the company, valued at approximately $111,665,304,997.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Teresa Taylor sold 12,022 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $161.80, for a total value of $1,945,159.60. Following the completion of the transaction, the director now owns 13,014 shares of the company's stock, valued at $2,105,665.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $161.85, for a total value of $31,546,183.50. Following the completion of the sale, the director now directly owns 689,930,831 shares of the company's stock, valued at approximately $111,665,304,997.35. The disclosure for this sale can be found here. Insiders have sold a total of 5,800,979 shares of company stock valued at $940,632,554 in the last quarter. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a research note on Monday, January 22nd. Raymond James increased their price target on T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Friday, January 26th. Oppenheimer reaffirmed an "outperform" rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Morgan Stanley increased their price target on T-Mobile US from $180.00 to $186.00 and gave the company an "overweight" rating in a research report on Monday, January 29th. Finally, Citigroup raised their price objective on T-Mobile US from $176.00 to $184.00 and gave the company a "buy" rating in a research report on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of "Buy" and a consensus price target of $186.33.

T-Mobile US Price Performance

Shares of TMUS stock traded down $0.09 on Friday, reaching $163.96. The company's stock had a trading volume of 7,968,973 shares, compared to its average volume of 4,564,574. The company has a market capitalization of $194.60 billion, a price-to-earnings ratio of 23.64, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. The stock's fifty day simple moving average is $162.44 and its 200-day simple moving average is $156.81. T-Mobile US, Inc. has a 1 year low of $124.92 and a 1 year high of $168.64. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.18.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 8.83 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared 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. This represents a $2.60 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US's dividend payout ratio (DPR) is presently 37.52%.

T-Mobile US 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.