TCW Group Inc. Decreases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

TCW Group Inc. reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,146 shares of the Wireless communications provider’s stock after selling 1,039 shares during the period. TCW Group Inc.’s holdings in T-Mobile US were worth $3,343,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TMUS. Private Advisor Group LLC grew its holdings in T-Mobile US by 7.0% in the 3rd quarter. Private Advisor Group LLC now owns 24,235 shares of the Wireless communications provider’s stock valued at $5,001,000 after buying an additional 1,592 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Outlook Wealth Advisors LLC acquired a new stake in T-Mobile US during the third quarter worth about $238,000. Arkadios Wealth Advisors raised its stake in T-Mobile US by 94.8% during the third quarter. Arkadios Wealth Advisors now owns 7,371 shares of the Wireless communications provider’s stock worth $1,521,000 after purchasing an additional 3,587 shares during the period. Finally, PFG Investments LLC raised its stake in T-Mobile US by 16.6% during the third quarter. PFG Investments LLC now owns 1,456 shares of the Wireless communications provider’s stock worth $301,000 after purchasing an additional 207 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. This represents a 16.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock valued at $747,378 in the last three months. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $265.17 on Monday. 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, Inc. has a 52 week low of $158.84 and a 52 week high of $271.41. The firm’s 50 day moving average is $230.98 and its two-hundred day moving average is $221.64. The firm has a market capitalization of $302.76 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.55 and a beta of 0.56.

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

T-Mobile US Dividend Announcement

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

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $255.00 target price on shares of T-Mobile US in a research report on Tuesday, January 28th. Royal Bank of Canada increased their price target on T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Finally, KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $251.79.

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.