Wellington Management Group LLP Trims Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wellington Management Group LLP decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 12,632,715 shares of the Wireless communications provider’s stock after selling 2,891,814 shares during the period. Wellington Management Group LLP owned 1.11% of T-Mobile US worth $2,788,419,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. IPG Investment Advisors LLC bought a new stake in T-Mobile US during the fourth quarter valued at $988,000. Summit Securities Group LLC bought a new stake in shares of T-Mobile US during the 4th quarter valued at about $161,000. Schroder Investment Management Group grew its holdings 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 worth $152,677,000 after purchasing an additional 30,221 shares in the last quarter. L & S Advisors Inc increased its position in shares of T-Mobile US by 7.4% in the fourth quarter. L & S Advisors Inc now owns 6,932 shares of the Wireless communications provider’s stock worth $1,530,000 after purchasing an additional 477 shares during the last quarter. Finally, Allianz SE purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $11,228,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 1.2 %

Shares of TMUS opened at $264.93 on Monday. The firm has a market capitalization of $302.48 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.55 and a beta of 0.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The company has a 50-day moving average of $252.92 and a 200 day moving average of $233.13.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS 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%. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

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

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Barclays boosted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Bank of America lifted their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Oppenheimer boosted their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley began coverage on T-Mobile US in a research note on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

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.