Martingale Asset Management L P Decreases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Martingale Asset Management L P trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.1% in the third quarter, Holdings Channel reports. The institutional investor owned 180,431 shares of the Wireless communications provider’s stock after selling 32,032 shares during the period. T-Mobile US makes up 0.9% of Martingale Asset Management L P’s holdings, making the stock its 24th biggest holding. Martingale Asset Management L P’s holdings in T-Mobile US were worth $37,234,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. LRI Investments LLC acquired a new position in T-Mobile US during the 1st quarter worth approximately $105,000. Cetera Investment Advisers grew its holdings in shares of T-Mobile US by 136.2% in the 1st quarter. Cetera Investment Advisers now owns 91,650 shares of the Wireless communications provider’s stock worth $14,959,000 after acquiring an additional 52,844 shares during the period. Cetera Advisors LLC grew its holdings in shares of T-Mobile US by 158.8% in the 1st quarter. Cetera Advisors LLC now owns 29,608 shares of the Wireless communications provider’s stock worth $4,833,000 after acquiring an additional 18,169 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of T-Mobile US by 62.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the Wireless communications provider’s stock worth $171,000 after acquiring an additional 401 shares during the period. Finally, Neville Rodie & Shaw Inc. grew its holdings in shares of T-Mobile US by 1.3% in the 2nd quarter. Neville Rodie & Shaw Inc. now owns 28,225 shares of the Wireless communications provider’s stock worth $4,973,000 after acquiring an additional 360 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock valued at $72,863,634 over the last quarter. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.5 %

NASDAQ:TMUS opened at $246.20 on Friday. The company has a market capitalization of $285.71 billion, a price-to-earnings ratio of 28.07, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $248.15. The stock has a 50-day simple moving average of $223.03 and a 200 day simple moving average of $197.18. 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) last posted 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. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm earned $1.82 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. 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 1.43%. T-Mobile US’s dividend payout ratio is currently 40.14%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TMUS shares. The Goldman Sachs Group upped their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their target price on 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 upped their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, KeyCorp increased their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three equities research 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

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.