Thematics Asset Management Reduces Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Thematics Asset Management reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,609 shares of the Wireless communications provider’s stock after selling 3,470 shares during the period. Thematics Asset Management’s holdings in T-Mobile US were worth $7,761,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KPP Advisory Services LLC raised its holdings in T-Mobile US by 2.6% during the 3rd quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after buying an additional 45 shares during the last quarter. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. Davis Investment Partners LLC raised its stake in shares of T-Mobile US by 0.6% during the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after acquiring an additional 51 shares during the last quarter. Barden Capital Management Inc. boosted its holdings in shares of T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock worth $1,408,000 after purchasing an additional 54 shares during the period. Finally, Compton Wealth Advisory Group LLC grew its stake in shares of T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock worth $2,644,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.2 %

Shares of TMUS traded up $2.78 on Tuesday, hitting $242.72. 358,103 shares of the stock traded hands, compared to its average volume of 4,390,792. The company has a market capitalization of $281.67 billion, a PE ratio of 27.36, a P/E/G ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a one year low of $147.96 and a one year high of $242.98. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The business has a 50 day simple moving average of $220.26 and a 200 day simple moving average of $195.92.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. As a group, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.45%. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group increased their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their target price on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America lifted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, October 24th. KeyCorp upped their price objective on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,750 shares of company stock worth $72,863,634. 0.67% of the stock is owned by insiders.

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.