Bridgewater Advisors Inc. Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Bridgewater Advisors Inc. cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,894 shares of the Wireless communications provider’s stock after selling 113 shares during the period. Bridgewater Advisors Inc.’s holdings in T-Mobile US were worth $2,463,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC raised its holdings 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 worth $25,000 after acquiring an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of T-Mobile US in the second quarter worth $27,000. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the second quarter valued at $27,000. Finally, MFA Wealth Advisors LLC raised its stake in 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 valued at $28,000 after purchasing an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now directly owns 1,940,792 shares in the company, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 453,824 shares of company stock valued at $94,003,400. 0.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TMUS has been the topic of several recent analyst reports. Oppenheimer upped their price objective on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. The Goldman Sachs Group boosted their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wells Fargo & Company lifted their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Price Performance

NASDAQ TMUS opened at $232.19 on Thursday. 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, Inc. has a 1 year low of $145.77 and a 1 year high of $234.56. The company has a market cap of $269.45 billion, a PE ratio of 26.48, a PEG ratio of 1.15 and a beta of 0.50. The stock’s 50-day moving average price is $210.45 and its two-hundred day moving average price is $189.05.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. On average, analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 29.65%.

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.