T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Westpac Banking Corp

Westpac Banking Corp trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 87.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,187 shares of the Wireless communications provider's stock after selling 29,395 shares during the period. Westpac Banking Corp's holdings in T-Mobile US were worth $671,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC grew its stake in T-Mobile US by 14.2% during the third quarter. Perigon Wealth Management LLC now owns 1,769 shares of the Wireless communications provider's stock valued at $248,000 after acquiring an additional 220 shares in the last quarter. Optas LLC increased its holdings in shares of T-Mobile US by 7.7% in the third quarter. Optas LLC now owns 4,458 shares of the Wireless communications provider's stock worth $624,000 after purchasing an additional 320 shares during the last quarter. Alaska Permanent Fund Corp lifted its position in shares of T-Mobile US by 2.3% in the third quarter. Alaska Permanent Fund Corp now owns 106,604 shares of the Wireless communications provider's stock worth $14,930,000 after buying an additional 2,421 shares in the last quarter. 180 Wealth Advisors LLC grew its holdings in T-Mobile US by 156.4% during the 3rd quarter. 180 Wealth Advisors LLC now owns 9,293 shares of the Wireless communications provider's stock valued at $1,301,000 after buying an additional 5,669 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its stake in T-Mobile US by 10.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 37,013 shares of the Wireless communications provider's stock worth $5,184,000 after acquiring an additional 3,404 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In related news, CFO Peter Osvaldik sold 20,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $161.30, for a total transaction of $3,226,000.00. Following the completion of the sale, the chief financial officer now directly owns 84,041 shares in the company, valued at approximately $13,555,813.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other T-Mobile US news, 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 value of $6,442,000.00. Following the completion of the sale, the chief executive officer now owns 496,036 shares of the company's stock, valued at $79,886,597.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Peter Osvaldik sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $161.30, for a total transaction of $3,226,000.00. Following the sale, the chief financial officer now directly owns 84,041 shares in the company, valued at approximately $13,555,813.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,736,347 shares of company stock valued at $1,095,630,614. 0.70% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 0.2 %

Shares of NASDAQ:TMUS traded up $0.27 during trading on Wednesday, reaching $162.68. 4,646,948 shares of the company were exchanged, compared to its average volume of 4,549,344. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64. The firm has a market capitalization of $190.64 billion, a PE ratio of 22.19, a P/E/G ratio of 0.64 and a beta of 0.48. The business's fifty day simple moving average is $162.56 and its 200-day simple moving average is $159.15. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company had revenue of $19.59 billion during the quarter, compared to analyst estimates of $19.81 billion. During the same period in the prior year, the firm earned $1.58 earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.60%. T-Mobile US's dividend payout ratio is currently 35.37%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TMUS shares. Wells Fargo & Company increased their target price on T-Mobile US from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Tigress Financial upped their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 8th. Morgan Stanley increased their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an "overweight" rating in a report on Monday, January 29th. TD Cowen reduced their price objective on T-Mobile US from $204.00 to $202.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. Finally, Benchmark reaffirmed a "buy" rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $186.33.

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.