140 Summer Partners LP Has $75 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

140 Summer Partners LP lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 363,420 shares of the Wireless communications provider’s stock after selling 9,800 shares during the period. T-Mobile US comprises approximately 8.1% of 140 Summer Partners LP’s investment portfolio, making the stock its 5th largest holding. 140 Summer Partners LP’s holdings in T-Mobile US were worth $74,995,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its stake in T-Mobile US by 13.4% in the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock valued at $2,660,758,000 after buying an additional 1,522,394 shares during the last quarter. Legal & General Group Plc increased its position in 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 buying an additional 303,582 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after acquiring an additional 184,059 shares during the period. Boston Partners increased its position in T-Mobile US by 1.1% during the first 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 during the period. Finally, TD Asset Management Inc raised its stake in T-Mobile US by 5.9% in the 2nd quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock worth $404,269,000 after purchasing an additional 128,241 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the transaction, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This trade represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,750 shares of company stock valued at $72,863,634. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS stock opened at $246.20 on Thursday. The company has a market capitalization of $285.71 billion, a P/E ratio of 28.07, a PEG ratio of 1.23 and a beta of 0.50. The company has a fifty day moving average price of $222.09 and a 200-day moving average price of $196.83. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a 52-week low of $147.96 and a 52-week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the firm earned $1.82 earnings per share. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays lifted their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their target price on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Tigress Financial raised their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Finally, Scotiabank raised their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

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.