Jackson Square Capital LLC Lowers Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Jackson Square Capital LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 26.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,455 shares of the Wireless communications provider’s stock after selling 8,211 shares during the quarter. T-Mobile US accounts for approximately 1.2% of Jackson Square Capital LLC’s portfolio, making the stock its 22nd largest holding. Jackson Square Capital LLC’s holdings in T-Mobile US were worth $4,956,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TMUS. KPP Advisory Services LLC raised its holdings in T-Mobile US by 2.6% in the third 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 period. DT Investment Partners LLC grew its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. Relyea Zuckerberg Hanson LLC increased its position in shares of T-Mobile US by 3.9% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,286 shares of the Wireless communications provider’s stock worth $284,000 after acquiring an additional 48 shares in the last quarter. Old North State Trust LLC raised its stake in shares of T-Mobile US by 1.4% in the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock valued at $751,000 after acquiring an additional 50 shares during the period. Finally, Davis Investment Partners LLC lifted its holdings in shares of T-Mobile US by 0.6% during the 3rd 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 in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Benchmark increased their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Sanford C. Bernstein began coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Bank of America upped their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Tigress Financial boosted their target price on shares of T-Mobile US from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Seven equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This trade represents a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,200 shares of company stock valued at $37,407,303. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Up 1.5 %

NASDAQ:TMUS opened at $218.97 on Friday. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market cap of $254.11 billion, a PE ratio of 24.97, a P/E/G ratio of 1.05 and a beta of 0.56. The business’s 50 day moving average is $228.93 and its two-hundred day moving average is $210.26.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts predict that T-Mobile US, Inc. will post 9.31 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. T-Mobile US’s payout ratio is currently 40.14%.

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.