IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 1,035 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,569 shares of the Wireless communications provider’s stock after selling 1,035 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in T-Mobile US were worth $1,671,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in T-Mobile US in the fourth quarter valued at $452,721,000. Barclays PLC boosted its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of T-Mobile US by 31,353.2% during the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock valued at $140,172,000 after purchasing an additional 633,021 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock valued at $3,203,642,000 after buying an additional 602,786 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock worth $1,448,426,000 after buying an additional 590,711 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,291 shares of the company’s stock, valued at $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 2.2 %

TMUS opened at $268.28 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The stock has a market cap of $306.31 billion, a PE ratio of 27.74, a PEG ratio of 1.55 and a beta of 0.64. The business has a 50 day moving average of $252.00 and a 200-day moving average of $232.15.

T-Mobile US (NASDAQ:TMUS) last announced its 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 net margin of 13.93% and a return on equity of 18.09%. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio is 36.40%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. Morgan Stanley assumed 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 on the stock. Citigroup cut shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 target price on the stock. in a research report on Friday, March 14th. Sanford C. Bernstein initiated coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target for the company. Royal Bank of Canada lifted their price objective on T-Mobile US from $245.00 to $260.00 and gave the stock a “sector perform” rating in a report on Friday, March 21st. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $256.80.

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.