DnB Asset Management AS Sells 187,148 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

DnB Asset Management AS lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,303 shares of the Wireless communications provider’s stock after selling 187,148 shares during the period. DnB Asset Management AS’s holdings in T-Mobile US were worth $116,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Dunhill Financial LLC lifted its stake in T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in shares of T-Mobile US in the fourth quarter worth about $28,000. Financial Life Planners bought a new position in T-Mobile US during the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC purchased a new position in T-Mobile US during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 2.2 %

T-Mobile US stock opened at $268.28 on Friday. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49. The business has a fifty day moving average of $252.00 and a two-hundred day moving average of $232.15. The firm has a market cap of $306.31 billion, a P/E ratio of 27.74, 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 (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast 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 announced 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. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.31%. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their target price on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research report on Friday, March 21st. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Finally, Sanford C. Bernstein initiated coverage on T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price for the company. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $256.80.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

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.