Tran Capital Management L.P. Has $2.51 Million Stock Position in T-Mobile US, Inc. $TMUS

Tran Capital Management L.P. decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 90.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,492 shares of the Wireless communications provider’s stock after selling 98,634 shares during the quarter. Tran Capital Management L.P.’s holdings in T-Mobile US were worth $2,512,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in TMUS. Allworth Financial LP grew its stake in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after purchasing an additional 810 shares during the last quarter. NorthCrest Asset Manangement LLC bought a new position in T-Mobile US in the 2nd quarter valued at $284,000. Berkshire Bank boosted its position in T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after buying an additional 1,400 shares during the last quarter. Associated Banc Corp increased its stake in shares of T-Mobile US by 50.6% in the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after buying an additional 8,700 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in shares of T-Mobile US by 930.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock worth $46,524,000 after acquiring an additional 176,319 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $197.29 on Thursday. The stock has a market cap of $220.67 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.16 and a beta of 0.45. The stock has a 50-day moving average of $204.56 and a 200-day moving average of $226.22. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a one year low of $194.01 and a one year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm earned $2.61 earnings per share. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the completion of the sale, the director directly owned 582,220,759 shares in the company, valued at $131,680,869,063.03. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of T-Mobile US stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the transaction, the director owned 308,696 shares in the company, valued at $66,977,771.12. This trade represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 592,897 shares of company stock valued at $133,350,128. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TMUS. Wolfe Research decreased their price target on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of T-Mobile US in a report on Monday, December 29th. Benchmark raised their target price on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Daiwa Capital Markets lowered their price target on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Finally, KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $260.17.

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.