T-Mobile US, Inc. $TMUS is 140 Summer Partners LP's 4th Largest Position

Key Points

• 140 Summer Partners LP reduced its holdings in T-Mobile US by 28.4%, selling 94,581 shares and maintaining approximately 8.2% of its portfolio in the company.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding analysts' estimates, with a revenue of $21.13 billion, marking a 6.9% increase year-over-year.
• The company declared a quarterly dividend of $0.88 per share, with a yield of 1.4%, set to be paid on September 11th.

140 Summer Partners LP trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 28.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,639 shares of the Wireless communications provider's stock after selling 94,581 shares during the quarter. T-Mobile US comprises 8.2% of 140 Summer Partners LP's investment portfolio, making the stock its 4th biggest position. 140 Summer Partners LP's holdings in T-Mobile US were worth $63,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Paragon Private Wealth Management LLC acquired a new position in T-Mobile US in the 1st quarter valued at about $221,000. Federation des caisses Desjardins du Quebec boosted its holdings in T-Mobile US by 6.5% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 40,231 shares of the Wireless communications provider's stock valued at $10,729,000 after purchasing an additional 2,459 shares during the last quarter. First Manhattan CO. LLC. lifted its holdings in shares of T-Mobile US by 9.8% in the 1st quarter. First Manhattan CO. LLC. now owns 26,705 shares of the Wireless communications provider's stock worth $7,122,000 after acquiring an additional 2,383 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in shares of T-Mobile US by 18.3% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 3,435 shares of the Wireless communications provider's stock worth $916,000 after acquiring an additional 532 shares during the last quarter. Finally, Point72 Europe London LLP lifted its holdings in shares of T-Mobile US by 7.2% in the 1st quarter. Point72 Europe London LLP now owns 88,576 shares of the Wireless communications provider's stock worth $23,624,000 after acquiring an additional 5,980 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $256.44, for a total transaction of $17,909,769.60. Following the completion of the sale, the director directly owned 635,433,644 shares of the company's stock, valued at approximately $162,950,603,667.36. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $251.12, for a total value of $627,800.00. Following the sale, the insider directly owned 158,703 shares of the company's stock, valued at $39,853,497.36. The trade was a 1.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,488,250 shares of company stock valued at $593,252,506. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. KeyCorp restated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Wall Street Zen lowered shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective on the stock. Finally, Arete Research raised T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Stock Performance

T-Mobile US stock traded up $0.64 during mid-day trading on Friday, reaching $252.76. 3,294,176 shares of the company were exchanged, compared to its average volume of 3,654,834. T-Mobile US, Inc. has a twelve month low of $192.61 and a twelve month high of $276.49. The firm's 50-day simple moving average is $243.02 and its two-hundred day simple moving average is $247.60. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The firm has a market cap of $284.46 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period last year, the firm earned $2.49 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Company 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.