Quarry LP Lowers Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Quarry LP decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 67.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246 shares of the Wireless communications provider’s stock after selling 502 shares during the period. Quarry LP’s holdings in T-Mobile US were worth $51,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royal London Asset Management Ltd. increased its position in shares of T-Mobile US by 2.5% during the 3rd quarter. Royal London Asset Management Ltd. now owns 383,372 shares of the Wireless communications provider’s stock valued at $79,113,000 after purchasing an additional 9,172 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of T-Mobile US during the third quarter worth approximately $17,231,000. Motley Fool Asset Management LLC raised its stake in shares of T-Mobile US by 2.9% during the third quarter. Motley Fool Asset Management LLC now owns 46,965 shares of the Wireless communications provider’s stock worth $9,679,000 after acquiring an additional 1,306 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of T-Mobile US by 28.1% in the 3rd quarter. IHT Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $580,000 after acquiring an additional 616 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in shares of T-Mobile US by 1.1% during the 3rd quarter. Ingalls & Snyder LLC now owns 109,210 shares of the Wireless communications provider’s stock valued at $22,537,000 after purchasing an additional 1,220 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Srikant M. Datar sold 1,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the transaction, the director now owns 4,021 shares of the company’s stock, valued at $989,166. This represents a 19.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,869 shares of company stock valued at $47,018,239 in the last quarter. 0.67% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Bank of America upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research report on Friday, October 25th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Raymond James lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group lifted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $245.42.

T-Mobile US Trading Up 2.0 %

Shares of NASDAQ TMUS opened at $233.50 on Wednesday. T-Mobile US, Inc. has a 1 year low of $153.84 and a 1 year high of $248.15. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a 50-day moving average of $228.52 and a 200 day moving average of $201.51. The stock has a market cap of $270.97 billion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 12.96% and a return on equity of 16.35%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.82 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. T-Mobile US’s payout ratio is presently 40.14%.

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.