Geode Capital Management LLC Has $2.42 Billion Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Geode Capital Management LLC cut its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,767,162 shares of the Wireless communications provider’s stock after selling 244,053 shares during the quarter. Geode Capital Management LLC owned 1.01% of T-Mobile US worth $2,419,907,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. KPP Advisory Services LLC increased its holdings in T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock worth $360,000 after purchasing an additional 45 shares in the last quarter. DT Investment Partners LLC boosted its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Davis Investment Partners LLC grew its holdings in 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 during the period. Barden Capital Management Inc. increased its stake in T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after purchasing an additional 54 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of T-Mobile US by 0.7% during the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $228.86 on Tuesday. The business’s fifty day simple moving average is $228.52 and its 200 day simple moving average is $201.51. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12 month low of $153.84 and a 12 month high of $248.15. The firm has a market capitalization of $265.59 billion, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results 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 company 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%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, 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 owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 341,178 shares of company stock worth $73,048,712 in the last quarter. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TMUS. UBS Group raised their target price on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Benchmark raised their price objective 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. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.42.

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.