STF Management LP Sells 11,712 Shares of T-Mobile US, Inc. $TMUS

STF Management LP lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 66.2% in the fourth quarter, HoldingsChannel reports. The fund owned 5,983 shares of the Wireless communications provider’s stock after selling 11,712 shares during the period. T-Mobile US accounts for approximately 1.1% of STF Management LP’s investment portfolio, making the stock its 17th largest holding. STF Management LP’s holdings in T-Mobile US were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TMUS. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. Viking Global Investors LP boosted its position in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the period. Amundi boosted its position in shares of T-Mobile US by 44.6% in the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after acquiring an additional 1,266,808 shares during the period. State Street Corp boosted its position in shares of T-Mobile US by 4.7% in the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after acquiring an additional 1,092,769 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of T-Mobile US by 33.7% in the third quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider’s stock valued at $832,438,000 after acquiring an additional 877,384 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T-Mobile US in a research note on Friday, April 10th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Finally, Arete Research boosted their price target on T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.48.

Insider Buying and Selling

In other news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This represents a 34.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director owned 140,696 shares of the company’s stock, valued at $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 149,134 shares of company stock worth $32,163,349 in the last ninety days. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Down 1.6%

TMUS stock opened at $185.22 on Friday. The stock has a market capitalization of $200.45 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.33. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $261.56. The firm has a 50-day moving average price of $201.37 and a 200-day moving average price of $203.07.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.58 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, May 29th. T-Mobile US’s dividend payout ratio is presently 43.40%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.