Geode Capital Management LLC Has $2.47 Billion Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Geode Capital Management trimmed its T-Mobile US stake by 0.4% in the fourth quarter, but still held 12.2 million shares valued at about $2.47 billion.
• T-Mobile’s latest quarterly results were solid, with EPS of $2.27 topping expectations and revenue of $23.11 billion, up 10.6% from a year earlier.
• The company also announced a $1.02 quarterly dividend payable June 11, while analysts remain broadly constructive with a Moderate Buy consensus and an average price target of $260.48.

Geode Capital Management LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,207,254 shares of the Wireless communications provider's stock after selling 51,292 shares during the period. Geode Capital Management LLC owned approximately 1.09% of T-Mobile US worth $2,472,305,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TMUS. Wellington Management Group LLP grew its stake in T-Mobile US by 47.5% in the 3rd 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 buying an additional 4,335,368 shares during the last quarter. Viking Global Investors LP grew its stake in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock valued at $677,925,000 after buying an additional 1,279,422 shares during the last quarter. Amundi grew its stake in T-Mobile US by 44.6% in the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider's stock valued at $924,380,000 after buying an additional 1,266,808 shares during the last quarter. State Street Corp grew its stake in T-Mobile US by 4.7% in the 3rd quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider's stock valued at $5,801,155,000 after buying an additional 1,092,769 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in T-Mobile US by 33.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,477,553 shares of the Wireless communications provider's stock valued at $832,438,000 after buying an additional 877,384 shares during 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 other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the sale, the insider owned 181,930 shares of the company's stock, valued at $35,623,713.30. The trade was a 2.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of the business'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 of the company's stock, valued at $229,501.80. This represents a 76.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,090 shares of company stock worth $2,618,500. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $190.81 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $206.49 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.11 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $261.56. The firm has a 50-day moving average price of $197.20 and a two-hundred day moving average price of $201.96.

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

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US's payout ratio is currently 43.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TMUS. Barclays reiterated a "buy" rating on shares of T-Mobile US in a research note on Friday, April 24th. KeyCorp raised T-Mobile US from a "sector weight" rating to an "overweight" rating and set a $260.00 target price for the company in a report on Monday, April 13th. Arete Research lifted their target price on T-Mobile US from $295.00 to $300.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of T-Mobile US in a report on Friday, April 10th. Finally, Moffett Nathanson raised T-Mobile US from a "neutral" rating to a "buy" rating and set a $254.00 target price for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average price target of $260.48.

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.

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