Clearbridge Investments LLC Sells 95,967 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Clearbridge Investments LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,673,269 shares of the Wireless communications provider’s stock after selling 95,967 shares during the period. Clearbridge Investments LLC owned approximately 0.32% of T-Mobile US worth $810,801,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. Dunhill Financial LLC raised its position in T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in T-Mobile US during the 4th quarter worth $28,000. Financial Life Planners acquired a new position in shares of T-Mobile US in the fourth quarter valued at approximately $29,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of T-Mobile US during the third quarter valued at $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the 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 sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 1.2 %

Shares of TMUS stock opened at $264.93 on Friday. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a 50 day moving average of $252.92 and a 200-day moving average of $232.89. The firm has a market cap of $302.48 billion, a P/E ratio of 27.40, a PEG ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

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 paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US’s payout ratio is 36.40%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. UBS Group cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. HSBC downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Benchmark reaffirmed a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada upped their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $256.80.

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.