T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,431 shares of the Wireless communications provider’s stock after selling 363 shares during the period. Tocqueville Asset Management L.P.’s holdings in T-Mobile US were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC boosted its position in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Franklin Resources Inc. boosted its position in T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares during the period. Charles Schwab Investment Management Inc. boosted its position in T-Mobile US by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after purchasing an additional 85,012 shares during the period. Finally, Barclays PLC boosted its position in T-Mobile US by 38.3% during 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 during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS opened at $257.03 on Friday. The firm has a market cap of $293.46 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49. The company’s 50-day moving average price is $247.29 and its 200 day moving average price is $229.96. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, 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 company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. 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 1.37%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Analysts Set New Price Targets

A number of equities analysts have commented on TMUS shares. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Bank of America boosted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. HSBC lowered shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Wednesday, March 5th. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Tigress Financial restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $255.05.

Insiders Place Their Bets

In other 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 completion of the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is owned by insiders.

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.