Mount Lucas Management LP Sells 8,622 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mount Lucas Management LP trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 52.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,859 shares of the Wireless communications provider's stock after selling 8,622 shares during the quarter. Mount Lucas Management LP's holdings in T-Mobile US were worth $1,622,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. KPP Advisory Services LLC lifted its stake in T-Mobile US by 2.6% in the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider's stock worth $360,000 after acquiring an additional 45 shares in the last quarter. DT Investment Partners LLC lifted its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Davis Investment Partners LLC lifted its position in shares of T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider's stock worth $1,711,000 after purchasing an additional 51 shares in the last quarter. Barden Capital Management Inc. boosted its holdings in shares of T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider's stock worth $1,408,000 after purchasing an additional 54 shares during the period. Finally, Compton Wealth Advisory Group LLC grew its position in T-Mobile US by 0.4% during the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider's stock valued at $2,644,000 after purchasing an additional 56 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Oppenheimer increased their price objective on T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Benchmark raised their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, UBS Group lifted their price objective on shares of T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 111,882 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the completion of the sale, the director now owns 1,828,910 shares in the company, valued at $361,831,554.40. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US 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 completion of the sale, the chief executive officer now owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 464,924 shares of company stock valued at $97,427,925. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

T-Mobile US stock traded down $2.14 during mid-day trading on Friday, reaching $235.61. The company had a trading volume of 3,940,160 shares, compared to its average volume of 4,032,005. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $215.88 and a 200-day moving average of $192.64. T-Mobile US, Inc. has a 52 week low of $147.07 and a 52 week high of $242.43. The firm has a market cap of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.20 and a beta of 0.50.

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

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US's dividend payout ratio is 29.65%.

T-Mobile US Company 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.