Trust Investment Advisors Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Trust Investment Advisors trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,074 shares of the Wireless communications provider’s stock after selling 47 shares during the quarter. Trust Investment Advisors’ holdings in T-Mobile US were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TMUS. Principal Financial Group Inc. increased its position in shares of T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares during the last quarter. Fisher Asset Management LLC grew its stake in T-Mobile US by 139.5% in the 3rd quarter. Fisher Asset Management LLC now owns 4,029 shares of the Wireless communications provider’s stock worth $831,000 after acquiring an additional 2,347 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in T-Mobile US by 64.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 6,315 shares of the Wireless communications provider’s stock worth $1,303,000 after purchasing an additional 2,467 shares during the period. Bank of Montreal Can lifted its stake in T-Mobile US by 5.6% in the third quarter. Bank of Montreal Can now owns 1,069,371 shares of the Wireless communications provider’s stock worth $219,414,000 after acquiring an additional 56,493 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of T-Mobile US by 1.0% during the third quarter. The Manufacturers Life Insurance Company now owns 730,061 shares of the Wireless communications provider’s stock valued at $150,655,000 after purchasing an additional 6,885 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

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 value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TMUS. Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 target price on the stock. Royal Bank of Canada increased 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 report on Friday, March 21st. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Wednesday, March 5th. Barclays raised their target price 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. Finally, Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eleven 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.80.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $258.75 on Wednesday. The stock has a 50 day moving average of $249.99 and a two-hundred day moving average of $231.69. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The firm has a market cap of $295.43 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm 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 $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio is currently 36.40%.

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.