Geode Capital Management LLC Trims Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Geode Capital Management LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,767,162 shares of the Wireless communications provider's stock after selling 244,053 shares during the period. Geode Capital Management LLC owned about 1.01% of T-Mobile US worth $2,419,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TMUS. WASHINGTON TRUST Co increased its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC lifted its holdings in shares of T-Mobile US by 65.3% in the 3rd 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 stake in T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Finally, Dunhill Financial LLC increased its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Daiwa America upgraded T-Mobile US to a "hold" rating in a research report on Friday, October 25th. The Goldman Sachs Group increased 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. Raymond James lowered shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. UBS Group boosted their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $245.42.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares of the company's stock, valued at $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,178 shares of company stock valued at $73,048,712. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 2.0 %

TMUS traded up $4.64 on Tuesday, hitting $233.50. The company had a trading volume of 5,352,628 shares, compared to its average volume of 4,364,010. T-Mobile US, Inc. has a 1 year low of $153.84 and a 1 year high of $248.15. The firm has a market cap of $270.97 billion, a P/E ratio of 26.62, a PEG ratio of 1.24 and a beta of 0.53. The company's fifty day moving average price is $228.52 and its 200 day moving average price is $201.51. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.82 EPS. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. T-Mobile US's dividend payout ratio (DPR) is presently 40.14%.

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.