Qtron Investments LLC Has $1.80 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Qtron Investments LLC trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,142 shares of the Wireless communications provider’s stock after selling 2,564 shares during the quarter. Qtron Investments LLC’s holdings in T-Mobile US were worth $1,797,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of TMUS. Geode Capital Management LLC boosted its stake in shares of T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock valued at $2,610,542,000 after buying an additional 90,755 shares during the period. Invesco Ltd. lifted its position in shares of T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock valued at $1,944,503,000 after acquiring an additional 384,956 shares during the period. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter valued at $1,802,393,000. Franklin Resources Inc. increased its position in shares of 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 during the period. Finally, Charles Schwab Investment Management Inc. raised its stake 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 valued at $712,966,000 after purchasing an additional 85,012 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company’s 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 owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. UBS Group downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. Wells Fargo & Company reiterated an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Finally, Oppenheimer raised their price target on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $256.80.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $258.67 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. The firm has a 50-day moving average of $260.28 and a 200-day moving average of $237.28. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The company has a market cap of $295.34 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.55 and a beta of 0.63.

T-Mobile US (NASDAQ:TMUS) last posted its 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%. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

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.