Flputnam Investment Management Co. Sells 7,678 Shares of T-Mobile US, Inc. $TMUS

Flputnam Investment Management Co. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,894 shares of the Wireless communications provider’s stock after selling 7,678 shares during the period. Flputnam Investment Management Co.’s holdings in T-Mobile US were worth $29,622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of 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 valued at $10,244,764,000 after buying an additional 636,192 shares during the period. State Street Corp boosted its stake in shares of T-Mobile US by 4.7% in 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 period. Capital International Investors boosted its stake 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 valued at $3,285,608,000 after buying an additional 711,278 shares during the period. Wellington Management Group LLP lifted its stake in T-Mobile US by 47.5% during 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 purchasing an additional 4,335,368 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in T-Mobile US by 6.1% during the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after purchasing an additional 453,096 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on TMUS. Oppenheimer upgraded T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. TD Cowen upped their target price on T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. 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 note on Thursday, February 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $260.48.

T-Mobile US Stock Down 0.2%

Shares of NASDAQ:TMUS opened at $191.11 on Wednesday. The company has a fifty day moving average of $197.68 and a 200-day moving average of $202.03. The company has a market capitalization of $206.82 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.11 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. On average, equities analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. T-Mobile US’s dividend payout ratio is 43.40%.

Insider Activity at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,090 shares of company stock valued at $2,618,500 over the last three months. 0.37% of the stock is currently owned by corporate 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.