Smart Portfolios LLC Sells 89 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Smart Portfolios LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,348 shares of the Wireless communications provider’s stock after selling 89 shares during the period. Smart Portfolios LLC’s holdings in T-Mobile US were worth $739,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TMUS. Wellington Management Group LLP increased its position in T-Mobile US by 4.0% during the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC boosted its holdings in T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after acquiring an additional 1,522,394 shares during the last quarter. Franklin Resources Inc. increased its holdings in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in T-Mobile US by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after acquiring an additional 85,012 shares in the last quarter. Finally, Barclays PLC increased its position in shares of T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after acquiring an additional 876,182 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $256.67 on Wednesday. The firm’s 50-day simple moving average is $241.44 and its 200 day simple moving average is $227.54. The firm has a market capitalization of $293.05 billion, a PE ratio of 26.54, a P/E/G ratio of 1.55 and a beta of 0.64. 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 $276.49.

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 net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid 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 yield of 1.37%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 5th. The stock was 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. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the sale, the director now directly owns 5,653 shares in the company, valued at $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. Corporate insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price target on the stock. Benchmark reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Morgan Stanley began coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Oppenheimer raised their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, KeyCorp cut T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price target for the company. in a research note on Thursday, December 12th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $254.10.

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.