UniSuper Management Pty Ltd Reduces Position in T-Mobile US, Inc. $TMUS

UniSuper Management Pty Ltd decreased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 29.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 121,646 shares of the Wireless communications provider’s stock after selling 50,346 shares during the quarter. UniSuper Management Pty Ltd’s holdings in T-Mobile US were worth $29,120,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Hughes Medical Institute purchased a new stake in T-Mobile US in the second quarter worth $25,000. Elevation Wealth Partners LLC boosted its stake in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the period. Aspect Partners LLC grew its holdings in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the last quarter. CoreFirst Bank & Trust purchased a new position in T-Mobile US in the 2nd quarter worth about $31,000. Finally, Kilter Group LLC bought a new stake in T-Mobile US during the 2nd quarter valued at about $34,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 0.3%

Shares of NASDAQ TMUS opened at $186.03 on Friday. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The business has a fifty day moving average price of $200.06 and a 200 day moving average price of $222.49. The stock has a market capitalization of $208.08 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.02 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s payout ratio is presently 39.23%.

Insider Activity

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the transaction, the insider directly owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director G Michael Sievert sold 22,500 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director owned 308,696 shares of the company’s stock, valued at approximately $66,977,771.12. This represents a 6.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 170,764 shares of company stock worth $37,483,463 over the last 90 days. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. Tigress Financial increased their price target on T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Raymond James Financial upgraded T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Finally, Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $257.76.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.