T-Mobile US, Inc. $TMUS Stock Position Lowered by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in T-Mobile US by 1.3%, holding approximately 4 million shares valued at about $1.08 billion as of the latest SEC filing.
• T-Mobile US reported an earnings per share (EPS) of $2.84 for the last quarter, exceeding expectations, and its quarterly revenue increased by 6.9% year-over-year to $21.13 billion.
• The company declared a quarterly dividend of $0.88, indicating a 1.4% dividend yield and a payout ratio of 33.21%, with payment scheduled for September 11.

Dimensional Fund Advisors LP trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,032,556 shares of the Wireless communications provider's stock after selling 52,274 shares during the period. Dimensional Fund Advisors LP owned 0.36% of T-Mobile US worth $1,075,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Evergreen Capital Management LLC raised its holdings in shares of T-Mobile US by 10.5% in the 4th quarter. Evergreen Capital Management LLC now owns 3,690 shares of the Wireless communications provider's stock worth $814,000 after purchasing an additional 350 shares during the period. Marshall Wace LLP raised its holdings in T-Mobile US by 413.8% in the fourth quarter. Marshall Wace LLP now owns 136,162 shares of the Wireless communications provider's stock valued at $30,055,000 after buying an additional 109,662 shares during the period. Canada Pension Plan Investment Board lifted its position in T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares in the last quarter. Capital International Sarl grew its stake in T-Mobile US by 92.4% during the fourth quarter. Capital International Sarl now owns 16,527 shares of the Wireless communications provider's stock worth $3,648,000 after buying an additional 7,936 shares during the period. Finally, Capital International Investors increased its position in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 1,974,370 shares of company stock worth $462,526,830. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TMUS shares. Morgan Stanley lifted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price target for the company in a research report on Monday, July 7th. Royal Bank Of Canada upped their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $256.31.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $0.55 on Monday, reaching $255.18. 3,308,715 shares of the company's stock were exchanged, compared to its average volume of 4,329,075. The business's 50-day moving average is $235.58 and its two-hundred day moving average is $247.42. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a fifty-two week low of $192.61 and a fifty-two week high of $276.49. The firm has a market capitalization of $287.18 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 1.39 and a beta of 0.62.

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

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. T-Mobile US's payout ratio is currently 33.21%.

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.