Aberdeen Group plc Decreases Holdings in T-Mobile US, Inc. $TMUS

Aberdeen Group plc trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 323,269 shares of the Wireless communications provider’s stock after selling 6,866 shares during the quarter. Aberdeen Group plc’s holdings in T-Mobile US were worth $65,637,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TMUS. Vanguard Group Inc. grew its holdings in shares of T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares during the last quarter. State Street Corp lifted its holdings in T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after buying an additional 1,092,769 shares during the period. Capital International Investors grew its position in shares of T-Mobile US by 5.5% in the 3rd quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Wellington Management Group LLP raised its holdings in T-Mobile US by 47.5% in the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Finally, Invesco Ltd. boosted its position in T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock valued at $1,891,845,000 after acquiring an additional 453,096 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $201.40 on Friday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The company has a market cap of $221.91 billion, a PE ratio of 20.74, a P/E/G ratio of 1.32 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. The company’s 50 day moving average is $209.32 and its two-hundred day moving average is $210.70.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s dividend payout ratio is presently 42.02%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Argus lowered their target price on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Scotiabank cut their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. Citigroup increased their price target on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Wolfe Research restated an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $257.26.

Insiders Place Their Bets

In related news, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.