T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Decreased by Pzena Investment Management LLC

Pzena Investment Management LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,152 shares of the Wireless communications provider’s stock after selling 86 shares during the period. Pzena Investment Management LLC’s holdings in T-Mobile US were worth $505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of T-Mobile US by 26.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 643 shares of the Wireless communications provider’s stock worth $103,000 after purchasing an additional 135 shares in the last quarter. Assetmark Inc. increased its stake in T-Mobile US by 32.0% in the 4th quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after buying an additional 7,000 shares during the period. STF Management LP grew its position in T-Mobile US by 1.3% in the fourth quarter. STF Management LP now owns 19,578 shares of the Wireless communications provider’s stock worth $3,139,000 after acquiring an additional 257 shares in the last quarter. Corient Private Wealth LLC grew its position in T-Mobile US by 2.9% in the fourth quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock worth $23,457,000 after acquiring an additional 4,184 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of T-Mobile US by 15.4% during the 4th quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock worth $5,285,000 after buying an additional 4,407 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $164.57, for a total value of $32,076,338.70. Following the completion of the sale, the director now owns 686,422,451 shares of the company’s stock, valued at $112,964,542,761.07. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $164.57, for a total value of $32,076,338.70. Following the completion of the transaction, the director now owns 686,422,451 shares of the company’s stock, valued at $112,964,542,761.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,835,010 shares of company stock valued at $1,112,834,913. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Down 0.2 %

Shares of NASDAQ TMUS traded down $0.27 during midday trading on Thursday, reaching $165.23. The company’s stock had a trading volume of 847,368 shares, compared to its average volume of 4,448,299. The stock has a market capitalization of $193.62 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The stock has a 50 day simple moving average of $162.48 and a 200-day simple moving average of $159.85. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.57%. T-Mobile US’s payout ratio is presently 35.37%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen decreased their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Tigress Financial lifted their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Fourteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $186.33.

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.