Clearbridge Investments LLC Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Clearbridge Investments LLC cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,634,100 shares of the Wireless communications provider’s stock after selling 18,386 shares during the quarter. Clearbridge Investments LLC owned 0.31% of T-Mobile US worth $640,256,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. Dana Investment Advisors Inc. grew its holdings in T-Mobile US by 16.4% during the second quarter. Dana Investment Advisors Inc. now owns 105,835 shares of the Wireless communications provider’s stock worth $18,646,000 after acquiring an additional 14,939 shares during the period. KPP Advisory Services LLC boosted its holdings in T-Mobile US by 9.1% during the second quarter. KPP Advisory Services LLC now owns 1,699 shares of the Wireless communications provider’s stock worth $299,000 after buying an additional 141 shares in the last quarter. New Century Financial Group LLC acquired a new position in T-Mobile US during the second quarter worth about $234,000. Teachers Retirement System of The State of Kentucky increased its holdings in T-Mobile US by 86.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 82,149 shares of the Wireless communications provider’s stock valued at $14,473,000 after buying an additional 38,195 shares in the last quarter. Finally, SPC Financial Inc. lifted its position in shares of T-Mobile US by 108.8% during the 2nd quarter. SPC Financial Inc. now owns 17,604 shares of the Wireless communications provider’s stock valued at $3,101,000 after acquiring an additional 9,171 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.6 %

TMUS opened at $206.36 on Tuesday. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $208.16. The firm has a 50 day moving average price of $194.93 and a 200 day moving average price of $178.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market cap of $241.82 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter last year, the firm posted $1.86 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Sell-side analysts expect that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.71%. T-Mobile US’s dividend payout ratio is presently 47.89%.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,492 shares of company stock worth $59,546,006. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. Wells Fargo & Company raised their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Evercore ISI boosted their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Bank of America lifted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Barclays increased their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group started coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Eighteen equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $214.36.

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.