ICICI Prudential Asset Management Co Ltd Lowers Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

ICICI Prudential Asset Management Co Ltd trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,112 shares of the Wireless communications provider’s stock after selling 119 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in T-Mobile US were worth $3,336,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. JSF Financial LLC grew its holdings in shares of T-Mobile US by 0.9% during the fourth quarter. JSF Financial LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $1,117,000 after buying an additional 44 shares during the last quarter. KPP Advisory Services LLC grew its holdings in shares of T-Mobile US by 2.6% during the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after buying an additional 45 shares during the last quarter. DT Investment Partners LLC grew its holdings in shares of T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. D Orazio & Associates Inc. grew its holdings in shares of T-Mobile US by 3.7% during the fourth quarter. D Orazio & Associates Inc. now owns 1,316 shares of the Wireless communications provider’s stock worth $290,000 after buying an additional 47 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 4.3% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 1,141 shares of the Wireless communications provider’s stock worth $252,000 after buying an additional 47 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 2.8 %

Shares of T-Mobile US stock opened at $263.21 on Wednesday. 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 1 year low of $158.84 and a 1 year high of $271.41. The company has a market capitalization of $300.52 billion, a P/E ratio of 27.22, a P/E/G ratio of 1.58 and a beta of 0.56. The business has a 50 day moving average price of $229.10 and a 200 day moving average price of $220.05.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio is currently 36.40%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price objective on T-Mobile US from $240.00 to $245.00 and gave the company a “sector perform” rating in a report on Thursday, January 30th. Morgan Stanley started coverage on T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $255.00 price objective on shares of T-Mobile US in a report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.79.

Insider Buying and Selling

In other T-Mobile US news, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the acquisition, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,100 shares of company stock worth $747,378 in the last ninety days. Insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.