Corbyn Investment Management Inc. MD Sells 12,060 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Corbyn Investment Management Inc. MD trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,667 shares of the Wireless communications provider’s stock after selling 12,060 shares during the quarter. T-Mobile US makes up about 3.7% of Corbyn Investment Management Inc. MD’s investment portfolio, making the stock its 6th biggest position. Corbyn Investment Management Inc. MD’s holdings in T-Mobile US were worth $7,803,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Valley National Advisers Inc. increased its position in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 123 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of T-Mobile US in the third quarter valued at approximately $26,000. Baker Avenue Asset Management LP raised its position in T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new position in T-Mobile US during the 4th quarter worth $34,000. Finally, Raleigh Capital Management Inc. boosted its position in T-Mobile US by 54.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after buying an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.4 %

NASDAQ TMUS traded down $0.64 during trading hours on Friday, reaching $163.41. 3,808,479 shares of the company’s stock were exchanged, compared to its average volume of 4,510,050. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91. The company has a market capitalization of $193.95 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.68 and a beta of 0.49. The company’s 50-day moving average is $162.44 and its two-hundred day moving average is $156.81. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 8.83 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors 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 1.59%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is 37.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. KeyCorp raised their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Oppenheimer reiterated an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Tigress Financial raised their price target 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. Finally, Raymond James upped their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. One research analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $186.87.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now directly owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 6,655 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now directly 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. Over the last 90 days, insiders sold 5,800,979 shares of company stock valued at $940,632,554. Corporate insiders own 0.70% 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.