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

Davidson Kempner Capital Management LP reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,774 shares of the Wireless communications provider’s stock after selling 50,000 shares during the quarter. T-Mobile US comprises approximately 2.1% of Davidson Kempner Capital Management LP’s portfolio, making the stock its 11th largest holding. Davidson Kempner Capital Management LP’s holdings in T-Mobile US were worth $100,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of TMUS. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the period. Summit Securities Group LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at $27,000. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the 2nd quarter worth $27,000. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US in the second quarter valued at $30,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. The disclosure for this sale can be found here. Insiders sold a total of 573,414 shares of company stock worth $107,147,801 in the last 90 days. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their target price on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen upped their price target on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Eighteen research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $211.92.

T-Mobile US Stock Performance

T-Mobile US stock opened at $199.44 on Monday. 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 12 month low of $135.82 and a 12 month high of $206.30. The company has a market cap of $233.71 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The stock’s 50-day moving average is $192.29 and its 200-day moving average is $176.60.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate 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 company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the company posted $1.86 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Increases Dividend

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

About T-Mobile US

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.