T-Mobile US, Inc. (NASDAQ:TMUS) Stake Cut by Victory Capital Management Inc.

Victory Capital Management Inc. cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 829,986 shares of the Wireless communications provider’s stock after selling 107,099 shares during the period. Victory Capital Management Inc. owned 0.07% of T-Mobile US worth $183,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Farther Finance Advisors LLC raised its stake in shares of T-Mobile US by 34.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,778 shares of the Wireless communications provider’s stock worth $780,000 after purchasing an additional 974 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of T-Mobile US by 146.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 158,744 shares of the Wireless communications provider’s stock worth $32,758,000 after purchasing an additional 94,242 shares in the last quarter. Intact Investment Management Inc. raised its stake in shares of T-Mobile US by 7.0% during the 3rd quarter. Intact Investment Management Inc. now owns 5,340 shares of the Wireless communications provider’s stock worth $1,102,000 after purchasing an additional 350 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of T-Mobile US by 49.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,396 shares of the Wireless communications provider’s stock worth $287,000 after purchasing an additional 463 shares in the last quarter. Finally, ASB Consultores LLC purchased a new stake in shares of T-Mobile US during the 3rd quarter worth about $254,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

TMUS opened at $264.65 on Wednesday. The stock has a market cap of $302.16 billion, a PE ratio of 27.37, a P/E/G ratio of 1.55 and a beta of 0.56. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $276.49. The stock’s 50 day simple moving average is $237.38 and its 200-day simple moving average is $225.22.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (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 forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Bank of America raised their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Scotiabank raised their price objective on T-Mobile US from $247.00 to $275.00 and gave the company a “sector perform” rating in a research note on Monday. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Oppenheimer raised their price objective on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Sanford C. Bernstein initiated coverage on T-Mobile US in a research note on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.26.

Insider Activity

In related news, Director Andre Almeida purchased 3,808 shares of the 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

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.