Bridgewater Associates LP Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bridgewater Associates LP decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 199,579 shares of the Wireless communications provider’s stock after selling 3,324 shares during the quarter. Bridgewater Associates LP’s holdings in T-Mobile US were worth $41,185,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. 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 valued at $25,000 after acquiring an additional 83 shares in the last quarter. DT Investment Partners LLC raised its stake 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 during the last quarter. Summit Securities Group LLC bought a new position in shares of T-Mobile US during the second quarter valued at $27,000. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC grew its stake in shares of T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. 42.49% of the stock is owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,750 shares of company stock valued at $72,863,634. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 2.1 %

Shares of T-Mobile US stock opened at $244.92 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $147.96 and a fifty-two week high of $245.17. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a market capitalization of $284.23 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.23 and a beta of 0.50. The company has a fifty day moving average of $221.10 and a 200 day moving average of $196.49.

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

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is currently 29.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. KeyCorp increased their price target on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Scotiabank increased their target price on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Finally, Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

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.