STF Management LP Sells 2,051 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

STF Management LP trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,839 shares of the Wireless communications provider’s stock after selling 2,051 shares during the period. T-Mobile US comprises approximately 1.6% of STF Management LP’s investment portfolio, making the stock its 14th largest holding. STF Management LP’s holdings in T-Mobile US were worth $3,475,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TMUS. DT Investment Partners LLC raised its stake in T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. MFA Wealth Advisors LLC raised its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the period. WASHINGTON TRUST Co raised its stake in T-Mobile US by 143.1% in the 2nd 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 during the period. Y.D. More Investments Ltd bought a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. Finally, Summit Securities Group LLC bought a new stake in T-Mobile US in the 2nd quarter valued at about $27,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 0.5 %

Shares of TMUS opened at $236.56 on Friday. The firm has a market cap of $274.52 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.19 and a beta of 0.50. The stock has a 50 day simple moving average of $218.87 and a two-hundred day simple moving average of $194.40. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $242.43.

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, beating 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 firm posted $1.82 earnings per share. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 40.14%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. KeyCorp upped their price target on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Scotiabank upped their price target on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Barclays upped their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Benchmark upped their price target on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Activity

In related news, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 40.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 343,456 shares of company stock valued at $73,405,131. 0.67% of the stock is currently owned by company insiders.

T-Mobile US 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.