140 Summer Partners LP Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

140 Summer Partners LP lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,420 shares of the Wireless communications provider’s stock after selling 9,800 shares during the quarter. T-Mobile US accounts for 8.1% of 140 Summer Partners LP’s investment portfolio, making the stock its 5th largest position. 140 Summer Partners LP’s holdings in T-Mobile US were worth $74,995,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. WASHINGTON TRUST Co lifted its stake in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 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 valued at $25,000 after buying an additional 47 shares during the period. Summit Securities Group LLC purchased a new position in shares of T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Finally, MFA Wealth Advisors LLC increased its holdings in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $246.20 on Thursday. 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 company has a fifty day moving average of $222.09 and a 200-day moving average of $196.83. T-Mobile US, Inc. has a 52-week low of $147.96 and a 52-week high of $248.15. The company has a market capitalization of $285.71 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.23 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the firm earned $1.82 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s payout ratio is currently 29.65%.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 340,750 shares of company stock worth $72,863,634. Insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TMUS shares. The Goldman Sachs Group upped their price objective on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Benchmark raised their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen boosted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Morgan Stanley increased their target price on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three investment 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $241.83.

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.