Dimensional Fund Advisors LP Trims Stake in T-Mobile US, Inc. $TMUS

Dimensional Fund Advisors LP cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,558,688 shares of the Wireless communications provider’s stock after selling 247,112 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.32% of T-Mobile US worth $851,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Great Lakes Retirement Inc. lifted its stake in shares of T-Mobile US by 6.4% in the 3rd quarter. Great Lakes Retirement Inc. now owns 12,428 shares of the Wireless communications provider’s stock valued at $2,975,000 after purchasing an additional 745 shares during the period. Fox Hill Wealth Management raised its position in shares of T-Mobile US by 6.8% in the third quarter. Fox Hill Wealth Management now owns 11,670 shares of the Wireless communications provider’s stock worth $2,793,000 after acquiring an additional 746 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of T-Mobile US by 1.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 225,359 shares of the Wireless communications provider’s stock worth $53,946,000 after acquiring an additional 2,230 shares in the last quarter. CI Investments Inc. grew its position in shares of T-Mobile US by 37.8% during the 3rd quarter. CI Investments Inc. now owns 77,630 shares of the Wireless communications provider’s stock valued at $18,583,000 after acquiring an additional 21,307 shares during the period. Finally, Focus Partners Advisor Solutions LLC increased its stake in shares of T-Mobile US by 30.3% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 1,790 shares of the Wireless communications provider’s stock valued at $428,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider directly owned 74,280 shares in the company, valued at $16,401,024. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer owned 51,573 shares in the company, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 692,300 shares of company stock worth $150,426,595. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TMUS shares. Weiss Ratings downgraded T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Scotiabank decreased their target price on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 12th. Oppenheimer cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Trading Up 1.1%

Shares of TMUS opened at $218.53 on Wednesday. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $274.95. The stock has a market cap of $240.79 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.40 and a beta of 0.43. The firm’s fifty day moving average is $201.52 and its two-hundred day moving average is $216.31. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is 42.02%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.