T-Mobile US, Inc. (NASDAQ:TMUS) Position Cut by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 26,874 shares of the Wireless communications provider’s stock after selling 9,808 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in T-Mobile US were worth $5,932,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TMUS. Principal Financial Group Inc. raised its stake in shares of T-Mobile US by 2.5% during the third 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 in the last quarter. Quest Partners LLC bought a new stake in shares of T-Mobile US during the third quarter valued at about $643,000. Prospera Financial Services Inc raised its stake in shares of T-Mobile US by 40.4% during the third quarter. Prospera Financial Services Inc now owns 6,849 shares of the Wireless communications provider’s stock valued at $1,414,000 after purchasing an additional 1,972 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of T-Mobile US by 12.5% during the third quarter. PNC Financial Services Group Inc. now owns 164,532 shares of the Wireless communications provider’s stock valued at $33,953,000 after purchasing an additional 18,222 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of T-Mobile US during the third quarter valued at about $119,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TMUS shares. Barclays lifted their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of T-Mobile US in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a report on Tuesday. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Finally, Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.05.

T-Mobile US Trading Down 0.9 %

NASDAQ:TMUS opened at $257.03 on Friday. 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 fifty-two week low of $158.84 and a fifty-two week high of $276.49. The stock’s 50-day moving average is $247.29 and its two-hundred day moving average is $229.96. The stock has a market cap of $293.46 billion, a PE ratio of 26.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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 research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal 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 issued 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 1.37%. T-Mobile US’s dividend payout ratio is 36.40%.

Insider Activity

In other news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

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.