Pinebridge Investments L.P. Sells 60,243 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Pinebridge Investments L.P. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,540 shares of the Wireless communications provider's stock after selling 60,243 shares during the period. Pinebridge Investments L.P.'s holdings in T-Mobile US were worth $50,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TMUS. Rakuten Securities Inc. lifted its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares during the period. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the fourth quarter worth about $28,000. Financial Life Planners bought a new position in T-Mobile US in the 4th quarter valued at about $29,000. Bruce G. Allen Investments LLC raised its position in shares of T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 73 shares in the last quarter. Finally, Albion Financial Group UT bought a new stake in shares of T-Mobile US during the 4th quarter worth approximately $39,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

TMUS traded up $0.97 on Monday, hitting $233.74. The company's stock had a trading volume of 2,436,786 shares, compared to its average volume of 4,245,172. T-Mobile US, Inc. has a 12 month low of $161.61 and a 12 month high of $276.49. The firm has a market cap of $265.68 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company's 50 day simple moving average is $260.36 and its 200-day simple moving average is $240.97.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the company earned $2.00 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is presently 34.34%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on TMUS. Bank of America lifted their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Hsbc Global Res downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Barclays boosted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. 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 research report on Tuesday, March 18th. Finally, Oppenheimer upped their target price on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $256.80.

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.