Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $394,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,444 shares of the Wireless communications provider’s stock after selling 75 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in T-Mobile US were worth $394,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC grew its stake in shares of T-Mobile US by 243.9% during the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after buying an additional 2,071,489 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 90.5% during the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock worth $350,983,000 after buying an additional 1,190,813 shares during the last quarter. Third Point LLC bought a new stake in shares of T-Mobile US during the third quarter worth $140,050,000. Royal Bank of Canada grew its stake in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of T-Mobile US by 67.3% during the third quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider’s stock worth $226,046,000 after buying an additional 649,178 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Up 0.7 %

TMUS stock traded up $1.18 during trading on Tuesday, reaching $163.54. The stock had a trading volume of 1,555,989 shares, compared to its average volume of 4,468,058. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $162.30 and its two-hundred day moving average is $156.54. The company has a market capitalization of $194.10 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 0.66 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $19.67 billion. During the same period in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 8.95 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 37.52%.

Insider Activity

In other news, insider Callie R. Field sold 5,844 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now directly 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 this hyperlink. In related news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly 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 SEC, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $163.25, for a total transaction of $31,819,057.50. Following the completion of the transaction, the director now directly owns 690,125,741 shares of the company’s stock, valued at $112,663,027,218.25. The disclosure for this sale can be found here. Insiders sold 5,811,459 shares of company stock valued at $942,634,782 in the last three months. Company insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. Citigroup boosted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Raymond James boosted 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 research note on Friday, January 26th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Oppenheimer reissued an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Finally, Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Friday, January 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $185.93.

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.