Primecap Management Co. CA Sells 11,250 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Primecap Management Co. CA reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 694,449 shares of the Wireless communications provider’s stock after selling 11,250 shares during the period. Primecap Management Co. CA’s holdings in T-Mobile US were worth $143,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. WASHINGTON TRUST Co boosted 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 worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC lifted its holdings 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. Summit Securities Group LLC acquired a new position in T-Mobile US in the second quarter valued at about $27,000. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US in the second quarter worth about $27,000. Finally, MFA Wealth Advisors LLC raised its position in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Morgan Stanley increased their target price on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Bank of America upped their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays boosted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Evercore ISI increased their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.83.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 343,456 shares of company stock worth $73,405,131. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of TMUS opened at $236.56 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company’s fifty day simple moving average is $218.87 and its 200 day simple moving average is $194.40. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $242.43. The company has a market cap of $274.52 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.19 and a beta of 0.50.

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 the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the business earned $1.82 EPS. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US’s dividend payout ratio is currently 29.65%.

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.