NWI Management LP Sells 20,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

NWI Management LP lowered its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 19.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 82,250 shares of the Wireless communications provider’s stock after selling 20,000 shares during the period. T-Mobile US comprises about 0.4% of NWI Management LP’s investment portfolio, making the stock its 19th biggest position. NWI Management LP’s holdings in T-Mobile US were worth $13,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Norges Bank bought a new position in shares of T-Mobile US during the 4th quarter valued at $3,338,708,000. Wellington Management Group LLP grew its holdings in shares of T-Mobile US by 200.0% during the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock valued at $1,020,116,000 after purchasing an additional 4,241,877 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of T-Mobile US by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after purchasing an additional 23,800 shares during the last quarter. Finally, Putnam Investments LLC grew its holdings in shares of T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $162.43, for a total value of $30,808,098.10. Following the completion of the transaction, the director now directly owns 676,969,021 shares of the company’s stock, valued at $109,960,078,081.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $162.43, for a total value of $30,808,098.10. Following the completion of the transaction, the director now directly owns 676,969,021 shares of the company’s stock, valued at $109,960,078,081.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $163.20, for a total transaction of $3,264,000.00. Following the completion of the sale, the chief executive officer now owns 458,124 shares of the company’s stock, valued at $74,765,836.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,578,798 shares of company stock valued at $777,670,357. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of T-Mobile US from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. TD Cowen cut their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, May 29th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $194.07.

T-Mobile US Stock Up 0.2 %

NASDAQ TMUS traded up $0.39 during trading hours on Friday, reaching $175.53. 3,117,229 shares of the company’s stock traded hands, compared to its average volume of 3,560,749. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $185.42. The firm has a market cap of $205.69 billion, a PE ratio of 23.88, a PEG ratio of 0.72 and a beta of 0.51. The firm has a 50-day simple moving average of $176.10 and a 200 day simple moving average of $167.40. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 8.99 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

About T-Mobile US

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.