Shelton Capital Management Sells 6,209 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Shelton Capital Management cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,455 shares of the Wireless communications provider’s stock after selling 6,209 shares during the period. T-Mobile US makes up approximately 0.8% of Shelton Capital Management’s portfolio, making the stock its 13th biggest position. Shelton Capital Management’s holdings in T-Mobile US were worth $33,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Invesco Ltd. lifted its stake in T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after buying an additional 384,956 shares during the period. Employees Retirement System of Texas increased its stake in shares of T-Mobile US by 21.0% in the 4th quarter. Employees Retirement System of Texas now owns 375,900 shares of the Wireless communications provider’s stock valued at $82,972,000 after acquiring an additional 65,243 shares in the last quarter. Bank of Montreal Can lifted its position in shares of T-Mobile US by 0.6% during the 4th quarter. Bank of Montreal Can now owns 1,076,017 shares of the Wireless communications provider’s stock valued at $237,509,000 after acquiring an additional 6,646 shares during the period. Ilmarinen Mutual Pension Insurance Co boosted its stake in T-Mobile US by 7.6% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 120,847 shares of the Wireless communications provider’s stock worth $26,675,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in T-Mobile US by 1.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,073,800 shares of the Wireless communications provider’s stock worth $237,020,000 after purchasing an additional 12,862 shares during the period. 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. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Benchmark reiterated a “buy” rating and issued a $275.00 price target on shares of T-Mobile US in a report on Thursday, March 27th. Royal Bank of Canada raised their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Eleven investment 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 company. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $256.80.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated 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 owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 0.6 %

TMUS opened at $246.67 on Tuesday. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The company’s 50-day moving average price is $257.92 and its two-hundred day moving average price is $235.61. The stock has a market cap of $281.63 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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 return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

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. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. T-Mobile US’s payout ratio is 36.40%.

T-Mobile US Company 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.