Fisher Asset Management LLC Lowers Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fisher Asset Management LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 28.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,295 shares of the Wireless communications provider’s stock after selling 522 shares during the period. Fisher Asset Management LLC’s holdings in T-Mobile US were worth $208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of T-Mobile US by 376.8% during the 3rd quarter. Acadian Asset Management LLC now owns 882 shares of the Wireless communications provider’s stock valued at $122,000 after buying an additional 697 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of T-Mobile US during the 3rd quarter valued at about $560,000. LPL Financial LLC raised its holdings in shares of T-Mobile US by 16.7% during the 3rd quarter. LPL Financial LLC now owns 162,865 shares of the Wireless communications provider’s stock valued at $22,809,000 after buying an additional 23,334 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of T-Mobile US by 44.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 329 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 101 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in T-Mobile US by 9.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 38,432 shares of the Wireless communications provider’s stock worth $5,382,000 after acquiring an additional 3,335 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. KeyCorp boosted their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a report on Wednesday, April 3rd. TD Cowen dropped their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. Citigroup increased their price objective on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Royal Bank of Canada increased their price objective on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Fourteen analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $190.36.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 24th. The stock was sold at an average price of $178.04, for a total value of $23,761,396.44. Following the completion of the sale, the director now owns 670,812,128 shares of the company’s stock, valued at approximately $119,431,391,269.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now directly owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,512,248 shares of company stock worth $1,086,228,100. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Down 0.2 %

Shares of NASDAQ:TMUS opened at $177.63 on Wednesday. The stock has a fifty day simple moving average of $168.91 and a two-hundred day simple moving average of $164.18. The stock has a market capitalization of $208.16 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 0.69 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $131.47 and a 12-month high of $182.67. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.58 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

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.