Strategy Asset Managers LLC Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Strategy Asset Managers LLC lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 31.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,160 shares of the Wireless communications provider’s stock after selling 991 shares during the period. Strategy Asset Managers LLC’s holdings in T-Mobile US were worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Norges Bank purchased a new position in shares of T-Mobile US during the 4th quarter worth approximately $3,338,708,000. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP lifted its holdings in T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after buying an additional 23,800 shares in the last quarter. Finally, Putnam Investments LLC lifted its holdings in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after buying an additional 1,682,743 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 227,604 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $180.00, for a total transaction of $40,968,720.00. Following the transaction, the director now directly owns 672,341,073 shares in the company, valued at $121,021,393,140. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $180.00, for a total transaction of $40,968,720.00. Following the transaction, the director now directly owns 672,341,073 shares in the company, valued at $121,021,393,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. The disclosure for this sale can be found here. Insiders have sold a total of 1,564,554 shares of company stock worth $280,851,465 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. TD Cowen increased their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Barclays raised their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and an average target price of $198.63.

T-Mobile US Trading Down 0.9 %

NASDAQ TMUS opened at $198.80 on Thursday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market cap of $232.96 billion, a PE ratio of 27.05, a P/E/G ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $132.40 and a one year high of $205.28. The firm’s fifty day moving average is $187.41 and its two-hundred day moving average is $173.54.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.86 earnings per share. Analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

T-Mobile US 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.