Capital World Investors Sells 272,110 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Capital World Investors reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,628,272 shares of the Wireless communications provider’s stock after selling 272,110 shares during the period. Capital World Investors owned approximately 0.14% of T-Mobile US worth $359,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,552,000. Trust Co. of Vermont boosted its stake in shares of T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares during the period. Rice Partnership LLC bought a new position in T-Mobile US during the 4th quarter worth $7,678,000. Finally, Exchange Traded Concepts LLC raised its holdings in T-Mobile US by 737.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock valued at $12,476,000 after acquiring an additional 49,775 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the topic of several analyst reports. Scotiabank increased their target price on T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a report on Monday, March 3rd. JPMorgan Chase & Co. raised 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 shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Finally, Barclays boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Eleven 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.80.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $262.04 on Monday. The firm has a market cap of $299.18 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 52 week low of $160.62 and a 52 week high of $276.49. The firm’s fifty day moving average is $261.54 and its 200-day moving average is $239.47. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.34%. T-Mobile US’s payout ratio is 36.40%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.67% of the company’s stock.

About T-Mobile US

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.