T-Mobile US, Inc. $TMUS Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,832 shares of the Wireless communications provider’s stock after selling 20,547 shares during the quarter. T-Mobile US makes up about 1.0% of Martingale Asset Management L P’s holdings, making the stock its 16th largest position. Martingale Asset Management L P’s holdings in T-Mobile US were worth $40,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Candriam S.C.A. raised its position in T-Mobile US by 77.9% during the first quarter. Candriam S.C.A. now owns 130,266 shares of the Wireless communications provider’s stock worth $34,743,000 after acquiring an additional 57,033 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of T-Mobile US by 13.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,688 shares of the Wireless communications provider’s stock valued at $984,000 after purchasing an additional 432 shares during the last quarter. GDS Wealth Management increased its stake in shares of T-Mobile US by 3.3% during the 1st quarter. GDS Wealth Management now owns 5,699 shares of the Wireless communications provider’s stock worth $1,520,000 after purchasing an additional 184 shares in the last quarter. Capital Analysts LLC raised its position in shares of T-Mobile US by 3.0% during the 1st quarter. Capital Analysts LLC now owns 19,864 shares of the Wireless communications provider’s stock worth $5,299,000 after purchasing an additional 572 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. lifted its stake in T-Mobile US by 518.6% in the 1st quarter. Bowen Hanes & Co. Inc. now owns 158,050 shares of the Wireless communications provider’s stock valued at $42,154,000 after buying an additional 132,500 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $259.01 on Thursday. The company has a market cap of $291.50 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.41 and a beta of 0.62. The firm’s 50 day moving average is $236.91 and its two-hundred day moving average is $247.73. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.49 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 2,139,050 shares of company stock valued at $504,895,827. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $256.31.

About T-Mobile US

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.