Bridgewater Advisors Inc. Trims Stock Position in T-Mobile US, Inc. $TMUS

Bridgewater Advisors Inc. lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 9,549 shares of the Wireless communications provider’s stock after selling 511 shares during the period. Bridgewater Advisors Inc.’s holdings in T-Mobile US were worth $2,285,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 94 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in T-Mobile US during the first quarter valued at $29,000. TCTC Holdings LLC grew its position in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares during the period. Missouri Trust & Investment Co grew its position in T-Mobile US by 807.7% during the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 105 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in T-Mobile US during the first quarter valued at $47,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. Daiwa Capital Markets dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Cowen reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,252,901 shares of company stock worth $540,251,450 over the last quarter. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Performance

TMUS opened at $210.05 on Monday. The firm has a market capitalization of $234.94 billion, a PE ratio of 20.20, a PEG ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $207.64 and a twelve month high of $276.49. The firm’s 50-day moving average price is $235.18 and its 200 day moving average price is $238.82. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.61 earnings per share. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

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.