Penserra Capital Management LLC Sells 51,800 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Penserra Capital Management LLC lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 93.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,629 shares of the Wireless communications provider’s stock after selling 51,800 shares during the quarter. Penserra Capital Management LLC’s holdings in T-Mobile US were worth $748,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TMUS. Jacobs Levy Equity Management Inc. bought a new stake in shares of T-Mobile US in the first quarter worth $5,380,000. LRI Investments LLC bought a new stake in shares of T-Mobile US in the 1st quarter valued at about $105,000. Sanibel Captiva Trust Company Inc. increased its stake in shares of T-Mobile US by 46.1% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 20,336 shares of the Wireless communications provider’s stock valued at $3,319,000 after buying an additional 6,419 shares during the period. Swedbank AB bought a new position in shares of T-Mobile US during the first quarter worth about $38,784,000. Finally, Community Trust & Investment Co. lifted its stake in shares of T-Mobile US by 258.0% in the first quarter. Community Trust & Investment Co. now owns 68,658 shares of the Wireless communications provider’s stock worth $11,206,000 after acquiring an additional 49,479 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Evercore ISI lifted their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 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 given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Performance

Shares of TMUS opened at $246.20 on Thursday. The firm has a market capitalization of $285.71 billion, a P/E ratio of 28.07, a P/E/G ratio of 1.23 and a beta of 0.50. T-Mobile US, Inc. has a 52 week low of $147.96 and a 52 week high of $248.15. The stock has a 50 day moving average price of $222.09 and a two-hundred day moving average price of $196.83. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. T-Mobile US’s revenue was up 4.7% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US’s dividend payout ratio is currently 29.65%.

Insider Buying and Selling at T-Mobile US

In related 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 approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. This represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,750 shares of company stock worth $72,863,634 in the last quarter. 0.67% of the stock is currently owned by company insiders.

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.