Kize Capital LP Sells 37,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Kize Capital LP reduced its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 72.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,191 shares of the Wireless communications provider’s stock after selling 37,000 shares during the quarter. T-Mobile US makes up 2.4% of Kize Capital LP’s portfolio, making the stock its 8th biggest holding. Kize Capital LP’s holdings in T-Mobile US were worth $2,500,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC boosted its holdings in shares of T-Mobile US by 9.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 2,950 shares of the Wireless communications provider’s stock valued at $562,000 after purchasing an additional 250 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in T-Mobile US by 2.4% in the second quarter. Mount Yale Investment Advisors LLC now owns 15,865 shares of the Wireless communications provider’s stock valued at $2,795,000 after acquiring an additional 375 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in T-Mobile US by 3,971.4% during the second quarter. Frank Rimerman Advisors LLC now owns 5,700 shares of the Wireless communications provider’s stock valued at $1,004,000 after acquiring an additional 5,560 shares during the period. Kowal Investment Group LLC raised its holdings in shares of T-Mobile US by 17.0% in the 2nd quarter. Kowal Investment Group LLC now owns 1,434 shares of the Wireless communications provider’s stock worth $253,000 after purchasing an additional 208 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of T-Mobile US by 14.4% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 590,050 shares of the Wireless communications provider’s stock worth $103,955,000 after purchasing an additional 74,336 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction on Wednesday, June 26th. The stock was 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. In the last three months, insiders have sold 706,875 shares of company stock worth $130,909,198. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 0.1 %

Shares of T-Mobile US stock opened at $199.44 on Friday. The business has a 50-day moving average price of $192.29 and a 200 day moving average price of $176.53. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The firm has a market cap of $233.71 billion, a P/E ratio of 27.13, a P/E/G ratio of 0.74 and a beta of 0.51. 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 (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the previous year, the business earned $1.86 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Oppenheimer increased their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. raised their target price on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp upped their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Eighteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $211.92.

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.