Bridgewater Associates LP Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Bridgewater Associates LP cut its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 199,579 shares of the Wireless communications provider’s stock after selling 3,324 shares during the quarter. Bridgewater Associates LP’s holdings in T-Mobile US were worth $41,185,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TMUS. DT Investment Partners LLC increased its holdings in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the period. MFA Wealth Advisors LLC raised its position in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in T-Mobile US during the second quarter valued at about $27,000. Finally, Summit Securities Group LLC purchased a new position in T-Mobile US in the second quarter valued at about $27,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. This represents a 71.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 in the last ninety days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 2.1 %

Shares of TMUS stock opened at $244.92 on Wednesday. T-Mobile US, Inc. has a twelve month low of $147.96 and a twelve month high of $245.17. The stock has a market cap of $284.23 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.23 and a beta of 0.50. The stock has a 50 day moving average of $221.10 and a 200 day moving average of $196.49. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted 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 period in the previous year, the firm earned $1.82 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is currently 29.65%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TMUS shares. Benchmark raised their target price on shares of 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 raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Scotiabank raised their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a report on Thursday, October 24th. Evercore ISI boosted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Wells Fargo & Company increased their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three research 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 an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US 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.