Beacon Pointe Advisors LLC Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Beacon Pointe Advisors LLC decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,090 shares of the Wireless communications provider’s stock after selling 372 shares during the period. Beacon Pointe Advisors LLC’s holdings in T-Mobile US were worth $976,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TMUS. Clearbridge Investments LLC increased its position in T-Mobile US by 243.9% during the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after purchasing an additional 2,071,489 shares during the period. Canada Pension Plan Investment Board increased its position in T-Mobile US by 90.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after purchasing an additional 1,190,813 shares during the period. Third Point LLC purchased a new position in T-Mobile US during the 3rd quarter valued at about $140,050,000. Royal Bank of Canada increased its position in T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after purchasing an additional 693,443 shares during the period. Finally, Boston Partners increased its position in T-Mobile US by 30.9% during the 3rd quarter. Boston Partners now owns 2,739,094 shares of the Wireless communications provider’s stock valued at $384,245,000 after purchasing an additional 647,234 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TMUS shares. Citigroup lifted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. TD Cowen cut their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Morgan Stanley lifted their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a research report on Friday, January 26th. Fourteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $186.33.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $164.36 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The company has a 50 day simple moving average of $162.45 and a two-hundred day simple moving average of $159.81. The stock has a market cap of $192.61 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the previous year, the business posted $1.58 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 9.02 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares in the company, valued at approximately $17,274,364.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $163.71, for a total value of $3,274,200.00. Following the completion of the sale, the chief executive officer now owns 476,036 shares of the company’s stock, valued at approximately $77,931,853.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Insiders sold a total of 6,835,010 shares of company stock worth $1,112,834,913 in the last three months. Company insiders own 0.67% of the company’s stock.

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.