Crake Asset Management LLP Has $177.07 Million Holdings in T-Mobile US, Inc. $TMUS

Crake Asset Management LLP increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 872,081 shares of the Wireless communications provider’s stock after acquiring an additional 164,797 shares during the quarter. T-Mobile US comprises about 6.9% of Crake Asset Management LLP’s holdings, making the stock its 5th biggest holding. Crake Asset Management LLP’s holdings in T-Mobile US were worth $177,067,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TMUS. Norges Bank bought a new position in shares of T-Mobile US in the fourth quarter valued at approximately $1,335,918,000. Wellington Management Group LLP boosted its position in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. Viking Global Investors LP boosted its position in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the period. Amundi boosted its position in shares of T-Mobile US by 44.6% in the third quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after acquiring an additional 1,266,808 shares during the period. Finally, State Street Corp boosted its position in shares of T-Mobile US by 4.7% in the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock valued at $5,801,155,000 after acquiring an additional 1,092,769 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.8%

Shares of T-Mobile US stock opened at $187.53 on Friday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $261.56. The firm has a market cap of $202.94 billion, a PE ratio of 19.95, a PEG ratio of 1.09 and a beta of 0.33. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The company has a 50 day simple moving average of $196.33 and a two-hundred day simple moving average of $201.73.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.58 earnings per share. Analysts expect that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,090 shares of company stock worth $2,618,500 in the last quarter. 0.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TMUS has been the subject of a number of analyst reports. Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Wednesday, April 29th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research report on Thursday, February 19th. Scotiabank cut their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 29th. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.48.

T-Mobile US Company Profile

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.