Brandywine Global Investment Management LLC Has $82.04 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Brandywine Global Investment Management LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 58.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 371,689 shares of the Wireless communications provider’s stock after selling 524,730 shares during the period. Brandywine Global Investment Management LLC’s holdings in T-Mobile US were worth $82,043,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TMUS. Wellington Management Group LLP lifted its position in T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider’s stock worth $3,203,642,000 after buying an additional 602,786 shares in the last quarter. Norges Bank purchased a new position in T-Mobile US in the fourth quarter valued at about $1,802,393,000. Franklin Resources Inc. grew its stake in T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after purchasing an additional 590,711 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in T-Mobile US by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,230,038 shares of the Wireless communications provider’s stock worth $712,966,000 after purchasing an additional 85,012 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Scotiabank increased their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a “sector perform” rating in a research note on Monday, March 3rd. Oppenheimer lifted their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Tigress Financial reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $256.80.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 1.2 %

Shares of TMUS opened at $264.93 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average price of $252.92 and a two-hundred day moving average price of $232.89. The stock has a market cap of $302.48 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

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.