T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 29.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,982 shares of the Wireless communications provider’s stock after selling 39,711 shares during the period. Cresset Asset Management LLC’s holdings in T-Mobile US were worth $20,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the 4th quarter valued at $1,802,393,000. Canada Pension Plan Investment Board raised its position in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of T-Mobile US during the fourth quarter valued at $452,721,000. Capital International Investors boosted its position in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the period. Finally, Barclays PLC increased its stake in T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $253.80 on Wednesday. T-Mobile US, Inc. has a 1 year low of $161.61 and a 1 year high of $276.49. The company has a fifty day simple moving average of $257.61 and a 200 day simple moving average of $242.16. 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 company has a market cap of $288.18 billion, a P/E ratio of 26.25, a P/E/G ratio of 1.55 and a beta of 0.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. During the same period last year, the business posted $2.00 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 34.34%.

Analyst Ratings Changes

TMUS has been the subject of a number of analyst reports. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Royal Bank of Canada raised their target price on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, March 21st. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Finally, Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price target for the stock from $275.00 to $277.50 in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.68.

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.