Wedge Capital Management L L P NC Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Wedge Capital Management L L P NC decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,766 shares of the Wireless communications provider’s stock after selling 3,586 shares during the quarter. Wedge Capital Management L L P NC’s holdings in T-Mobile US were worth $13,540,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TMUS. Tallon Kerry Patrick purchased a new position in T-Mobile US during the 4th quarter worth $2,138,000. Bleakley Financial Group LLC increased its stake in shares of T-Mobile US by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 9,351 shares of the Wireless communications provider’s stock valued at $2,064,000 after buying an additional 350 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of T-Mobile US in the fourth quarter valued at about $45,000. BLB&B Advisors LLC raised its holdings in shares of T-Mobile US by 4.9% in the fourth quarter. BLB&B Advisors LLC now owns 1,400 shares of the Wireless communications provider’s stock valued at $309,000 after acquiring an additional 65 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in T-Mobile US by 11.0% in the fourth quarter. Vest Financial LLC now owns 4,049 shares of the Wireless communications provider’s stock worth $894,000 after acquiring an additional 401 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TMUS shares. Wall Street Zen cut shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on T-Mobile US from $265.00 to $270.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Benchmark restated a “buy” rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Citigroup downgraded T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a research report on Friday, March 14th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $257.68.

T-Mobile US Price Performance

Shares of TMUS opened at $245.86 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The company’s fifty day moving average price is $248.49 and its 200-day moving average price is $244.13. T-Mobile US, Inc. has a 1-year low of $171.18 and a 1-year high of $276.49. The firm has a market capitalization of $279.16 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. During the same quarter in the previous year, the firm posted $2.00 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is presently 34.34%.

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.