T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Fernbridge Capital Management LP

Fernbridge Capital Management LP cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 37.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 473,416 shares of the Wireless communications provider’s stock after selling 279,591 shares during the period. T-Mobile US comprises approximately 5.5% of Fernbridge Capital Management LP’s investment portfolio, making the stock its 5th biggest holding. Fernbridge Capital Management LP’s holdings in T-Mobile US were worth $83,406,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TMUS. Vanguard Group Inc. lifted its position in T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Wellington Management Group LLP raised its holdings in T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Putnam Investments LLC grew its stake in T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several analyst reports. Bank of America raised their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. TD Cowen boosted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Tigress Financial upped their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. Citigroup upped their price objective on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Oppenheimer lifted their target price on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $211.92.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $199.44 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $206.30. The company’s 50 day moving average price is $192.29 and its two-hundred day moving average price is $176.53. The firm has a market cap of $233.71 billion, a PE ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $1.86 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the sale, the director now directly owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $175.86, for a total value of $23,470,451.46. Following the completion of the sale, the director now directly owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The disclosure for this sale can be found here. Insiders sold 706,875 shares of company stock valued at $130,909,198 over the last quarter. 0.67% of the stock is 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.