QRG Capital Management Inc. Sells 5,545 Shares of T-Mobile US, Inc. $TMUS

QRG Capital Management Inc. trimmed its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,841 shares of the Wireless communications provider’s stock after selling 5,545 shares during the period. QRG Capital Management Inc.’s holdings in T-Mobile US were worth $6,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Lansforsakringar Fondforvaltning AB publ lifted its position in T-Mobile US by 14.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 187,373 shares of the Wireless communications provider’s stock valued at $39,354,000 after buying an additional 23,836 shares in the last quarter. Quilter Plc increased its position in shares of T-Mobile US by 7.8% in the fourth quarter. Quilter Plc now owns 465,838 shares of the Wireless communications provider’s stock worth $94,584,000 after acquiring an additional 33,813 shares in the last quarter. Swiss National Bank increased its position in shares of T-Mobile US by 4.6% in the third quarter. Swiss National Bank now owns 1,472,902 shares of the Wireless communications provider’s stock worth $352,583,000 after acquiring an additional 65,400 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of T-Mobile US by 16.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 98,469 shares of the Wireless communications provider’s stock valued at $20,010,000 after acquiring an additional 14,110 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of T-Mobile US by 32.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 296,083 shares of the Wireless communications provider’s stock valued at $62,370,000 after acquiring an additional 72,922 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TMUS. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price objective on the stock in a research report on Monday, April 13th. Morgan Stanley began coverage on T-Mobile US in a research report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 target price for the company. Scotiabank lowered their target price on T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research note on Wednesday, April 29th. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a research report on Wednesday, April 29th. Finally, Moffett Nathanson upgraded T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price target for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $260.27.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company’s stock, valued at $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.32% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

TMUS stock opened at $177.52 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a market cap of $192.11 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. The stock’s 50 day simple moving average is $186.09 and its 200 day simple moving average is $197.09.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The firm had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.58 earnings per share. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is 43.40%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.