Channing Capital Management LLC Has $8.53 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Channing Capital Management LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,201 shares of the Wireless communications provider’s stock after selling 282 shares during the quarter. Channing Capital Management LLC’s holdings in T-Mobile US were worth $8,530,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TMUS. Morgan Stanley raised its position in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after purchasing an additional 104,490 shares during the period. Royal Bank of Canada raised its holdings in T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares during the last quarter. Invesco Ltd. lifted its stake in shares of T-Mobile US by 0.6% in the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after buying an additional 45,196 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of T-Mobile US by 10.1% during the fourth quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider’s stock valued at $554,096,000 after buying an additional 316,617 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of T-Mobile US by 243.9% during the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after buying an additional 2,071,489 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded down $0.31 during mid-day trading on Friday, reaching $164.60. The company had a trading volume of 4,274,939 shares, compared to its average volume of 4,389,829. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $162.69 and its 200-day moving average price is $157.99. The firm has a market cap of $192.89 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period last year, the business posted $1.58 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TMUS shares. Morgan Stanley raised their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. TD Cowen cut their target price on 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. Tigress Financial upped their price target on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Oppenheimer restated an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $186.33.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now directly owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the sale, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the transaction, the insider now owns 126,616 shares of the company’s stock, valued at approximately $20,414,297.68. The disclosure for this sale can be found here. Insiders sold 6,359,509 shares of company stock worth $1,033,407,661 over the last quarter. 0.70% 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.