Baker Avenue Asset Management LP Sells 14,608 Shares of T-Mobile US, Inc. $TMUS

Baker Avenue Asset Management LP lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 84.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,615 shares of the Wireless communications provider’s stock after selling 14,608 shares during the period. Baker Avenue Asset Management LP’s holdings in T-Mobile US were worth $531,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in T-Mobile US by 1.5% during the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after acquiring an additional 636,192 shares in the last quarter. State Street Corp increased its position in T-Mobile US by 4.7% during the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Capital International Investors increased its position in T-Mobile US by 5.5% during the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after buying an additional 711,278 shares during the last quarter. Wellington Management Group LLP increased its position in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. increased its position in T-Mobile US by 6.1% during the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after buying an additional 453,096 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.8%

NASDAQ TMUS opened at $187.53 on Friday. The business has a fifty day moving average price of $196.33 and a two-hundred day moving average price of $201.73. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56. The stock has a market capitalization of $202.95 billion, a PE ratio of 19.95, a PEG ratio of 1.10 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the company earned $2.58 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post 10.65 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 Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is presently 43.40%.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider directly owned 181,930 shares in the company, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andre Almeida acquired 5,097 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 13,090 shares of company stock valued at $2,618,500 over the last quarter. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TMUS shares. Barclays reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. Daiwa Securities Group raised T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a research report on Thursday, February 19th. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price on the stock in a research report on Wednesday, April 29th. Wall Street Zen raised T-Mobile US from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Arete Research upped their target price on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.