Channing Capital Management LLC Sells 282 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Channing Capital Management LLC reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% in the fourth quarter, Holdings Channel reports. The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Financial Counselors Inc. bought a new stake in T-Mobile US in the 3rd quarter worth about $218,000. Pacer Advisors Inc. grew its stake in shares of T-Mobile US by 31.4% in the fourth quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock worth $17,261,000 after acquiring an additional 25,700 shares during the period. Caprock Group LLC boosted its stake in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock worth $3,698,000 after buying an additional 11,854 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of T-Mobile US by 136.8% in the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock worth $10,096,000 after acquiring an additional 36,374 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of T-Mobile US by 11.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 237,481 shares of the Wireless communications provider’s stock worth $38,075,000 after acquiring an additional 24,412 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded down $0.31 during midday trading on Friday, reaching $164.60. 4,274,939 shares of the company were exchanged, compared to its average volume of 4,389,829. The stock has a market cap of $192.89 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The business’s fifty day moving average is $162.69 and its two-hundred day moving average is $157.99. 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.

T-Mobile US (NASDAQ:TMUS) last released 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. The business had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.58 EPS. As a group, analysts predict that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared 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 is presently 35.37%.

Analysts Set New Price Targets

Several research analysts have issued reports on TMUS shares. Tigress Financial raised their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Raymond James raised their price objective on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. Morgan Stanley increased their price target 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, Oppenheimer reissued an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Buy” and a consensus price target of $186.33.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $161.38, for a total transaction of $31,454,575.80. Following the sale, the director now owns 688,176,641 shares of the company’s stock, valued at $111,057,946,324.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $161.38, for a total value of $31,454,575.80. Following the transaction, the director now directly owns 688,176,641 shares in the company, valued at approximately $111,057,946,324.58. The disclosure for this sale can be found here. Insiders have sold a total of 6,359,509 shares of company stock valued at $1,033,407,661 in the last quarter. 0.70% of the stock is currently owned by 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.