Primecap Management Co. CA Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Primecap Management Co. CA cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 674,779 shares of the Wireless communications provider’s stock after selling 19,670 shares during the period. Primecap Management Co. CA’s holdings in T-Mobile US were worth $148,944,000 at the end of the most recent reporting period.

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

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $260.73 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market cap of $297.69 billion, a price-to-earnings ratio of 26.96, a P/E/G ratio of 1.55 and a beta of 0.64. The firm has a fifty day moving average price of $245.59 and a 200 day moving average price of $229.56. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $276.49.

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

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TMUS. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an “overweight” rating in a research note on Tuesday. Oppenheimer increased their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. HSBC cut shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Sanford C. Bernstein started coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Finally, Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a research report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $255.05.

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.