Rhumbline Advisers Sells 50,973 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Rhumbline Advisers decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 975,746 shares of the Wireless communications provider’s stock after selling 50,973 shares during the period. Rhumbline Advisers owned about 0.08% of T-Mobile US worth $215,376,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SeaCrest Wealth Management LLC bought a new position in T-Mobile US during the third quarter worth $243,000. Good Life Advisors LLC acquired a new stake in shares of T-Mobile US during the 3rd quarter worth about $314,000. Global Retirement Partners LLC boosted its holdings in shares of T-Mobile US by 12.9% during the 3rd quarter. Global Retirement Partners LLC now owns 7,718 shares of the Wireless communications provider’s stock worth $1,593,000 after buying an additional 884 shares during the period. Bleakley Financial Group LLC grew its stake in T-Mobile US by 1.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 9,001 shares of the Wireless communications provider’s stock valued at $1,858,000 after buying an additional 144 shares during the last quarter. Finally, Secure Asset Management LLC lifted its position in T-Mobile US by 5.0% during the third quarter. Secure Asset Management LLC now owns 2,270 shares of the Wireless communications provider’s stock worth $468,000 after acquiring an additional 108 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. Tigress Financial upped their target price on T-Mobile US from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Benchmark restated a “buy” rating and issued a $255.00 price target on shares of T-Mobile US in a research note on Tuesday, January 28th. Bank of America lifted their price objective on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $251.79.

T-Mobile US Trading Up 2.2 %

Shares of T-Mobile US stock opened at $270.82 on Friday. The firm’s 50 day moving average is $227.12 and its 200 day moving average is $217.72. The firm has a market capitalization of $309.21 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.44 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. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last posted 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%. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now directly owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares of the company’s stock, valued at approximately $989,166. The trade was a 19.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,100 shares of company stock worth $747,378. Insiders own 0.67% of the company’s stock.

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.