Wedge Capital Management L L P NC Sells 16,406 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Wedge Capital Management L L P NC reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 23.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,352 shares of the Wireless communications provider’s stock after selling 16,406 shares during the period. Wedge Capital Management L L P NC’s holdings in T-Mobile US were worth $11,997,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP raised its stake in shares of T-Mobile US by 4.0% in 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 last quarter. FMR LLC raised its stake 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 last quarter. Franklin Resources Inc. raised its stake 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 acquiring an additional 590,711 shares during the last quarter. Legal & General Group Plc raised its stake in shares of T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of 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 acquiring an additional 876,182 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $218.97 on Friday. The company’s fifty day simple moving average is $228.93 and its 200-day simple moving average is $210.26. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The firm has a market cap of $254.11 billion, a PE ratio of 24.97, a P/E/G ratio of 1.05 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 9.31 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is presently 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Andre Almeida purchased 3,808 shares of the company’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the completion of the transaction, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 164,200 shares of company stock valued at $37,407,303 over the last 90 days. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TMUS shares. Wells Fargo & Company downgraded shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $240.00 to $220.00 in a research note on Monday, January 6th. Evercore ISI lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer lifted their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley began coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. Finally, UBS Group lifted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $245.74.

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.