T-Mobile US, Inc. (NASDAQ:TMUS) Position Reduced by Alberta Investment Management Corp

Alberta Investment Management Corp trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 53.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,300 shares of the Wireless communications provider’s stock after selling 9,700 shares during the quarter. Alberta Investment Management Corp’s holdings in T-Mobile US were worth $1,832,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TMUS. JSF Financial LLC grew its position in T-Mobile US by 0.9% during the 4th quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $1,117,000 after purchasing an additional 44 shares in the last quarter. KPP Advisory Services LLC boosted its position in shares of T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after buying an additional 45 shares during the period. DT Investment Partners LLC boosted its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. D Orazio & Associates Inc. grew its holdings in shares of T-Mobile US by 3.7% during the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock valued at $290,000 after buying an additional 47 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC raised its position in T-Mobile US by 4.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock valued at $252,000 after buying an additional 47 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $265.17 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $230.98 and a 200-day simple moving average of $221.21. The stock has a market capitalization of $302.76 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 1.53 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $271.41.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid 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 1.33%. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now directly owns 5,653 shares of the company’s stock, valued at $1,306,295.24. This represents a 16.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andre Almeida purchased 3,808 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares in the company, valued at approximately $897,621.76. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 3,100 shares of company stock valued at $747,378 in the last 90 days. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on TMUS shares. Tigress Financial raised their price objective on T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of T-Mobile US from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, Royal Bank of Canada increased their price objective on T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $251.79.

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.