Martingale Asset Management L P Sells 32,032 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Martingale Asset Management L P lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 180,431 shares of the Wireless communications provider’s stock after selling 32,032 shares during the quarter. T-Mobile US accounts for 0.9% of Martingale Asset Management L P’s portfolio, making the stock its 24th biggest position. Martingale Asset Management L P’s holdings in T-Mobile US were worth $37,234,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. KPP Advisory Services LLC boosted its position in shares of T-Mobile US by 2.6% during the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after buying an additional 45 shares during the last quarter. DT Investment Partners LLC raised its stake in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. Davis Investment Partners LLC raised its stake in shares of T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock worth $1,711,000 after buying an additional 51 shares during the period. Barden Capital Management Inc. raised its stake in shares of T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after buying an additional 54 shares during the period. Finally, Compton Wealth Advisory Group LLC raised its stake in T-Mobile US by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,750 shares of company stock valued at $72,863,634 over the last quarter. 0.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on TMUS. Barclays raised their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Wells Fargo & Company upped their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. UBS Group upped their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Tigress Financial upped their price objective on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Benchmark upped their price objective on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $246.20 on Friday. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $248.15. The company has a market cap of $285.71 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.26 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The business’s 50 day moving average price is $223.03 and its 200 day moving average price is $197.18.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the business posted $1.82 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

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.