T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by DoubleLine ETF Adviser LP

DoubleLine ETF Adviser LP trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,975 shares of the Wireless communications provider's stock after selling 3,293 shares during the quarter. T-Mobile US accounts for approximately 1.1% of DoubleLine ETF Adviser LP's investment portfolio, making the stock its 24th biggest position. DoubleLine ETF Adviser LP's holdings in T-Mobile US were worth $4,188,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TMUS. JPMorgan Chase & Co. upped their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Hsbc Global Res cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Barclays increased their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective on the stock. in a research note on Friday, March 14th. Finally, Royal Bank of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $257.68.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of 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 filing with the SEC, which is available at this link. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Price Performance

T-Mobile US stock traded up $5.50 during mid-day trading on Tuesday, hitting $253.80. 2,891,647 shares of the company were exchanged, compared to its average volume of 4,235,671. 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 company has a market capitalization of $288.18 billion, a P/E ratio of 26.25, a PEG ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 12-month low of $161.61 and a 12-month high of $276.49. The business's 50 day simple moving average is $257.82 and its two-hundred day simple moving average is $242.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results 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. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US's revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.00 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.39%. T-Mobile US's payout ratio is currently 34.34%.

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.