T-Mobile US, Inc. $TMUS Shares Sold by Ascent Group LLC

Ascent Group LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 29,159 shares of the Wireless communications provider’s stock after selling 6,534 shares during the period. Ascent Group LLC’s holdings in T-Mobile US were worth $5,920,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in T-Mobile US by 47.5% during 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 acquiring an additional 4,335,368 shares in the last quarter. Viking Global Investors LP boosted its holdings in T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the period. Amundi grew its position in T-Mobile US by 44.6% in the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after acquiring an additional 1,266,808 shares in the last quarter. State Street Corp grew its position 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 valued at $5,801,155,000 after acquiring an additional 1,092,769 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in T-Mobile US by 33.7% during the third quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider’s stock worth $832,438,000 after purchasing an additional 877,384 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TMUS. Barclays raised their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Wall Street Zen downgraded shares of T-Mobile US from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Royal Bank Of Canada decreased their price target on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average price target of $257.26.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total value of $17,195,200.00. Following the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. This trade represents a 36.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $201.40 on Friday. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The firm has a 50 day moving average of $209.32 and a two-hundred day moving average of $210.51. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $221.92 billion, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.32 and a beta of 0.43.

T-Mobile US Dividend Announcement

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

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.