Martingale Asset Management L P Has $37.83 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Martingale Asset Management L P lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171,379 shares of the Wireless communications provider's stock after selling 9,052 shares during the quarter. T-Mobile US makes up about 0.9% of Martingale Asset Management L P's investment portfolio, making the stock its 20th largest position. Martingale Asset Management L P's holdings in T-Mobile US were worth $37,828,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 62 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 4th quarter worth approximately $28,000. Financial Life Planners bought a new position in T-Mobile US in the fourth quarter valued at about $29,000. Bruce G. Allen Investments LLC grew its position in shares of T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock worth $36,000 after buying an additional 73 shares during the period. Finally, Albion Financial Group UT bought a new stake in shares of T-Mobile US during the 4th quarter valued at $39,000. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company's stock.

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T-Mobile US Price Performance

Shares of TMUS stock traded up $4.37 on Monday, hitting $263.04. 841,585 shares of the company's stock were exchanged, compared to its average volume of 4,228,390. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market cap of $300.32 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49. The company has a 50 day moving average of $260.28 and a 200 day moving average of $237.51.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts predict 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 Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US's dividend payout ratio is currently 36.40%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TMUS shares. JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. UBS Group lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Morgan Stanley assumed coverage on T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 price objective on the stock. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $256.80.

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.