Bwcp LP Boosts Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Bwcp LP lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,633 shares of the Wireless communications provider’s stock after buying an additional 12,278 shares during the quarter. T-Mobile US comprises 3.8% of Bwcp LP’s investment portfolio, making the stock its 15th biggest position. Bwcp LP’s holdings in T-Mobile US were worth $15,263,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP lifted its holdings in shares of T-Mobile US by 200.0% in 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 buying an additional 4,241,877 shares in the last quarter. Putnam Investments LLC increased its holdings in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares during the period. Vanguard Group Inc. lifted its stake in T-Mobile US by 3.8% in 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 purchasing an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after purchasing an additional 578,348 shares during the period. Finally, Capital International Investors grew its position in shares of T-Mobile US by 27.1% during the 4th quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock valued at $426,528,000 after purchasing an additional 567,390 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the 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 sale, 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 is available at this link. In related news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The disclosure for this sale can be found here. Insiders have sold 439,953 shares of company stock valued at $83,677,350 over the last ninety days. 0.67% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Evercore ISI boosted their price objective on T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. KeyCorp raised their target price on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Tigress Financial boosted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Bank of America raised their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Eighteen investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $211.92.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $201.44 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $206.30. The business’s 50 day simple moving average is $193.08 and its two-hundred day simple moving average is $177.13. The stock has a market capitalization of $235.04 billion, a P/E ratio of 27.41, 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, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.86 earnings per share. Analysts forecast that T-Mobile US, Inc. will post 9.13 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 35.37%.

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.