Fulcrum Capital LLC Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Fulcrum Capital LLC lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,330 shares of the Wireless communications provider’s stock after selling 220 shares during the period. Fulcrum Capital LLC’s holdings in T-Mobile US were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of T-Mobile US by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Legal & General Group Plc raised its position in shares of T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of T-Mobile US by 4.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after acquiring an additional 184,059 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after acquiring an additional 578,348 shares in the last quarter. Finally, Boston Partners raised its position in shares of T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after acquiring an additional 28,045 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.9 %

Shares of TMUS stock opened at $220.95 on Thursday. The business’s fifty day moving average price is $204.75 and its 200 day moving average price is $184.44. T-Mobile US, Inc. has a 1-year low of $137.69 and a 1-year high of $223.91. The firm has a market capitalization of $258.92 billion, a PE ratio of 30.06, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the prior year, the company posted $1.86 earnings per share. T-Mobile US’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is currently 47.89%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 19th. Evercore ISI boosted their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Tigress Financial boosted their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Scotiabank cut T-Mobile US from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the company from $215.50 to $236.00 in a research note on Friday, October 18th. One research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of “Buy” and an average target price of $219.94.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were 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 in the company, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 349,261 shares of company stock valued at $69,411,130 over the last quarter. Company insiders own 0.67% of the company’s stock.

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.