USA Financial Formulas Cuts Position in T-Mobile US, Inc. (NASDAQ:TMUS)

USA Financial Formulas decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 19.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,691 shares of the Wireless communications provider's stock after selling 3,070 shares during the period. T-Mobile US accounts for approximately 0.4% of USA Financial Formulas' holdings, making the stock its 10th largest position. USA Financial Formulas' holdings in T-Mobile US were worth $2,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP grew its position in shares of T-Mobile US by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after acquiring an additional 602,786 shares during the period. FMR LLC raised its stake in T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the period. Franklin Resources Inc. increased its holdings in shares of T-Mobile US by 9.9% during the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the last quarter. Legal & General Group Plc raised its stake in T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock valued at $837,032,000 after acquiring an additional 303,582 shares during the period. Finally, Barclays PLC boosted its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMUS. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Benchmark upped their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. UBS Group increased 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. Scotiabank boosted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley started coverage on shares of T-Mobile US in a report on Monday, December 16th. They set an "overweight" rating and a $280.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $245.74.

T-Mobile US Price Performance

T-Mobile US stock traded up $1.64 during midday trading on Thursday, hitting $215.84. 1,213,547 shares of the company's stock were exchanged, compared to its average volume of 3,514,079. The stock has a 50-day moving average price of $229.93 and a two-hundred day moving average price of $209.91. T-Mobile US, Inc. has a 52-week low of $158.84 and a 52-week high of $248.15. The company has a market cap of $250.48 billion, a P/E ratio of 24.61, a PEG ratio of 1.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts' consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.63%. T-Mobile US's payout ratio is 40.14%.

Insiders Place Their Bets

In related news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the transaction, the chief financial officer now directly owns 61,307 shares of the company's stock, valued at $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andre Almeida purchased 3,808 shares of the company's stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now directly owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 164,200 shares of company stock valued at $37,407,303 over the last 90 days. Insiders own 0.67% of the company's stock.

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.