Vanguard Group Inc. Sells 74,888 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Vanguard Group Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,975,940 shares of the Wireless communications provider’s stock after selling 74,888 shares during the period. Vanguard Group Inc. owned 3.68% of T-Mobile US worth $9,265,349,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dunhill Financial LLC boosted its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 62 shares during the period. Financial Life Planners bought a new stake in shares of T-Mobile US during the 4th quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in T-Mobile US in the 3rd quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC grew its position in T-Mobile US by 79.3% in the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 73 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 0.5 %

Shares of NASDAQ TMUS opened at $255.84 on Friday. The stock has a market cap of $292.10 billion, a P/E ratio of 26.46, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 52-week low of $159.14 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a 50 day moving average price of $248.19 and a 200 day moving average price of $230.56.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating 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%. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. Scotiabank raised their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research report on Monday, March 3rd. Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target on the stock. in a research report on Thursday, December 12th. Finally, Benchmark restated a “buy” rating on shares of T-Mobile US in a research report 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $255.80.

Insider Transactions at T-Mobile US

In other 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 value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is currently owned by insiders.

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.