T-Mobile US, Inc. $TMUS Holdings Decreased by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 874,530 shares of the Wireless communications provider’s stock after selling 13,708 shares during the period. Rhumbline Advisers’ holdings in T-Mobile US were worth $209,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of T-Mobile US in the 2nd quarter worth about $1,477,780,000. Marshall Wace LLP grew its position in shares of T-Mobile US by 2,303.2% during the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after buying an additional 1,878,654 shares during the last quarter. Viking Global Investors LP raised its stake in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the period. State Street Corp raised its stake in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares during the period. Finally, Crake Asset Management LLP bought a new position in T-Mobile US in the second quarter worth about $160,945,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.9%

TMUS opened at $199.43 on Wednesday. The stock’s 50 day moving average price is $196.50 and its 200 day moving average price is $219.17. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market cap of $223.06 billion, a P/E ratio of 19.18, a P/E/G ratio of 1.09 and a beta of 0.44. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $276.49.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is currently 39.23%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, December 10th. The Goldman Sachs Group reduced their price objective on T-Mobile US from $287.00 to $251.00 and set a “buy” rating for the company in a research report on Friday, December 12th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Royal Bank Of Canada cut their target price on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, Williams Trading set a $263.00 price target on shares of T-Mobile US in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.78.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,457 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the sale, the director owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the transaction, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 51,457 shares of company stock worth $11,149,636 over the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

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.