X Square Capital LLC Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

X Square Capital LLC cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,730 shares of the Wireless communications provider’s stock after selling 80 shares during the period. X Square Capital LLC’s holdings in T-Mobile US were worth $305,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TMUS. Vanguard Group Inc. raised its stake in shares of T-Mobile US by 3.8% during the first 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 last quarter. Norges Bank purchased a new position in T-Mobile US during the 4th quarter worth $3,338,708,000. Wellington Management Group LLP lifted its stake in shares of T-Mobile US by 200.0% in 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 acquiring an additional 4,241,877 shares during the period. Putnam Investments LLC boosted its holdings in shares of T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after acquiring an additional 578,348 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS stock opened at $193.00 on Monday. The stock’s 50 day moving average price is $188.14 and its 200 day moving average price is $174.09. The firm has a market cap of $225.19 billion, a P/E ratio of 26.26, a PEG ratio of 0.72 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a 1 year low of $134.50 and a 1 year high of $205.28.

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, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the business posted $1.86 EPS. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, sell-side analysts expect that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.35%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TMUS. 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 research report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. TD Cowen increased their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI raised T-Mobile US to a “hold” rating in a report on Thursday, August 1st. Finally, StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $198.63.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total value of $23,102,099.10. Following the completion of the sale, the director now owns 671,752,404 shares of the company’s stock, valued at $116,280,341,132.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total value of $23,102,099.10. Following the sale, the director now directly owns 671,752,404 shares of the company’s stock, valued at $116,280,341,132.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 111,882 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the completion of the sale, the director now owns 1,828,910 shares of the company’s stock, valued at $361,831,554.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,346 shares of company stock valued at $198,743,322 in the last quarter. 0.67% of the stock is currently owned by company insiders.

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.