T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 16,762 shares of the Wireless communications provider’s stock after selling 2,452 shares during the period. Metis Global Partners LLC’s holdings in T-Mobile US were worth $2,687,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC grew its holdings in T-Mobile US by 243.9% during the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 90.5% during the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after purchasing an additional 1,190,813 shares during the last quarter. Third Point LLC bought a new position in shares of T-Mobile US during the third quarter valued at approximately $140,050,000. Royal Bank of Canada raised its position in shares of T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of T-Mobile US by 67.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider’s stock worth $226,046,000 after purchasing an additional 649,178 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of TMUS opened at $162.22 on Tuesday. The firm’s 50 day moving average is $162.66 and its 200-day moving average is $158.16. The stock has a market capitalization of $190.10 billion, a P/E ratio of 22.09, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a 12-month low of $124.92 and a 12-month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TMUS shares. Tigress Financial increased their price objective on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Morgan Stanley raised their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Royal Bank of Canada upped their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Citigroup boosted their target price on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, TD Cowen lowered their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $186.33.

Insider Transactions at T-Mobile US

In other news, insider Callie R. Field sold 5,844 shares of T-Mobile US stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,347,487 shares of company stock valued at $1,031,462,501 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

T-Mobile US Company 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.