Alliancebernstein L.P. Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Alliancebernstein L.P. lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,694,482 shares of the Wireless communications provider’s stock after selling 148,125 shares during the quarter. Alliancebernstein L.P. owned 0.24% of T-Mobile US worth $594,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AIA Group Ltd bought a new position in shares of T-Mobile US in the fourth quarter worth about $343,000. Hazlett Burt & Watson Inc. boosted its position in T-Mobile US by 7.9% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,506 shares of the Wireless communications provider’s stock valued at $335,000 after buying an additional 110 shares during the period. IPG Investment Advisors LLC bought a new position in T-Mobile US in the 4th quarter worth about $988,000. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the fourth quarter worth approximately $161,000. Finally, Schroder Investment Management Group raised its stake in shares of T-Mobile US by 4.6% during the fourth quarter. Schroder Investment Management Group now owns 691,910 shares of the Wireless communications provider’s stock valued at $152,677,000 after acquiring an additional 30,221 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on TMUS shares. Hsbc Global Res downgraded T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price target on the stock. Bank of America upped 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. UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Barclays upped their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.80.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 1.2 %

NASDAQ:TMUS opened at $264.93 on Monday. 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, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company has a market cap of $302.48 billion, a PE ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. The company’s 50 day moving average is $252.92 and its two-hundred day moving average is $233.13.

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

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

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.