MassMutual Private Wealth & Trust FSB Trims Stake in T-Mobile US, Inc. $TMUS

MassMutual Private Wealth & Trust FSB lessened its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,874 shares of the Wireless communications provider’s stock after selling 3,640 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in T-Mobile US were worth $2,208,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares during the last quarter. State Street Corp grew its stake in shares of T-Mobile US by 4.7% during the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Capital International Investors raised its holdings in shares of T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after buying an additional 711,278 shares during the period. Wellington Management Group LLP raised its holdings in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after buying an additional 4,335,368 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of T-Mobile US by 6.1% during the 3rd quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after acquiring an additional 453,096 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Scotiabank cut their price objective 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. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a research report on Thursday, February 19th. Barclays upped their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Argus lowered their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.30.

T-Mobile US Trading Up 0.9%

Shares of NASDAQ TMUS opened at $208.47 on Friday. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60. The firm has a market cap of $229.70 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 1.36 and a beta of 0.43. The business has a fifty day simple moving average of $205.25 and a two-hundred day simple moving average of $213.02. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, May 29th. T-Mobile US’s payout ratio is presently 42.02%.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Michael Sievert sold 1,089 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total transaction of $241,594.65. Following the transaction, the director owned 125,696 shares in the company, valued at approximately $27,885,657.60. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 694,134 shares of company stock valued at $150,847,799 over the last quarter. 0.37% of the stock is owned by company 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.