O Shaughnessy Asset Management LLC Reduces Stake in T-Mobile US, Inc.

O Shaughnessy Asset Management LLC has reduced its investment in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.8% during the fourth quarter, based on its latest Form 13F filing with the Securities and Exchange Commission. After selling 37,097 shares during the quarter, the firm now holds 160,197 shares of the wireless communications provider's stock. The value of O Shaughnessy Asset Management LLC's holdings in T-Mobile US is reported to be approximately $35,360,000, according to its most recent filing.

Changes in Hedge Fund Positions

Other hedge funds have also altered their stakes in T-Mobile US. Wellington Management Group LLP increased its holdings by 4.0% in the third quarter, now possessing 15,524,529 shares valued at around $3,203,642,000. Norges Bank entered a new position in T-Mobile US in the fourth quarter with an investment of about $1,802,393,000. Additionally, Franklin Resources Inc. raised its stake by 9.9% during the third quarter and currently owns 6,553,703 shares worth $1,448,426,000 after acquiring 590,711 shares. Charles Schwab Investment Management Inc. increased its shares by 2.7% and owns 3,230,038 shares valued at $712,966,000 following the purchase of an additional 85,012 shares. Barclays PLC also increased its stake by 38.3% in the third quarter, now holding 3,165,153 shares worth $653,160,000. In total, 42.49% of T-Mobile's stock is owned by hedge funds and institutional investors.

Wall Street Analysts' Opinions

Research firms have shared varying opinions regarding T-Mobile US stock. Wells Fargo & Company reaffirmed an "equal weight" rating in a report from February 26th. Scotiabank raised its price target from $247.00 to $275.00 and assigned a "sector perform" rating on March 3rd. HSBC Global Research downgraded T-Mobile from a "strong-buy" rating to a "hold" on March 5th. UBS Group followed suit by lowering its rating from "strong-buy" to "hold" on March 21st. Barclays raised its price estimate from $230.00 to $250.00, labeling the stock as "overweight" on February 3rd. Currently, 11 equity research analysts rate the stock as a hold, 11 recommend a buy, and 2 give it a strong buy rating. MarketBeat indicates an average rating of "Moderate Buy" for T-Mobile US, with a consensus target price of $256.80.

Insider Transactions

In insider news, T-Mobile US Director Srikant M. Datar sold 730 shares of the company's stock on March 5th for an average price of $263.00. This transaction amounted to $191,990.00 and reduced Datar's ownership by 18.15%, bringing his total holdings to 3,291 shares valued at approximately $865,533. The sale was documented in a legal filing with the SEC. Insiders own around 0.67% of T-Mobile US's stock.

Current Performance and Financials

As of the latest trading, T-Mobile US shares opened at $264.93. The company has a debt-to-equity ratio of 1.28, with a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US has a market capitalization of $302.48 billion, with a price-to-earnings ratio of 27.40 and a PEG ratio of 1.55. The company has recorded a 1-year low of $159.14 and a high of $276.49. On January 29th, T-Mobile US reported quarterly earnings of $2.57 per share, exceeding the consensus estimate of $2.15 by $0.42. The company achieved a return on equity of 18.09% and a net margin of 13.93%. Analysts estimate that T-Mobile US will report an EPS of 10.37 for the current year.

Dividend Announcement

T-Mobile US also disclosed a quarterly dividend, scheduled to be paid on June 22nd. Shareholders of record on May 30th will receive a dividend of $0.88 per share, equating to an annualized dividend of $3.52 and a yield of 1.33%. The current payout ratio stands at 36.40%.

About T-Mobile US

T-Mobile US, Inc., along with its subsidiaries, provides mobile communication services across the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers a variety of services, including voice, messaging, and data services to its customers, along with wireless devices such as smartphones, tablets, and home broadband routers. It also provides financing for equipment through installment plans and offers wireless devices and accessories, device insurance, warranty contracts, leasing options, and High Speed Internet services.

T-Mobile, Management, Shares