Xponance Inc. Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Xponance Inc. lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,018 shares of the Wireless communications provider’s stock after selling 128 shares during the quarter. Xponance Inc.’s holdings in T-Mobile US were worth $12,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Aveo Capital Partners LLC boosted its stake in shares of T-Mobile US by 6.5% in the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after acquiring an additional 137 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of T-Mobile US by 91.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 43,667 shares of the Wireless communications provider’s stock worth $7,001,000 after acquiring an additional 20,901 shares during the period. Advisory Services Network LLC boosted its stake in shares of T-Mobile US by 9.2% in the fourth quarter. Advisory Services Network LLC now owns 6,934 shares of the Wireless communications provider’s stock worth $1,112,000 after acquiring an additional 586 shares during the period. Johnson Financial Group Inc. boosted its stake in T-Mobile US by 36.9% during the fourth quarter. Johnson Financial Group Inc. now owns 1,350 shares of the Wireless communications provider’s stock valued at $216,000 after buying an additional 364 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of T-Mobile US by 9.4% in the 4th quarter. Hilltop Holdings Inc. now owns 2,645 shares of the Wireless communications provider’s stock valued at $424,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TMUS shares. Wells Fargo & Company raised their price objective on T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI boosted their target price on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Oppenheimer boosted their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Eighteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $211.92.

T-Mobile US Stock Up 1.5 %

NASDAQ TMUS opened at $202.46 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The business has a fifty day moving average price of $192.71 and a 200 day moving average price of $176.86. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $206.30. The company has a market cap of $237.25 billion, a P/E ratio of 27.55, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company 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. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.74%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 35.37%.

Insider Buying and Selling at T-Mobile US

In other news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, 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. In the last three months, insiders have sold 573,414 shares of company stock valued at $107,147,801. Insiders own 0.67% of the company’s stock.

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.