Martingale Asset Management L P Decreases Stock Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Martingale Asset Management L P reduced its holdings in T-Mobile US shares by 12.0%, now owning 150,832 shares valued at about $40.2 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, surpassing estimates, with revenue of $21.13 billion, a 6.9% increase from the previous year.
• The company announced a $0.88 quarterly dividend, reflecting an annualized rate of $3.52 and a dividend yield of 1.4%, payable on September 11th.

Martingale Asset Management L P decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,832 shares of the Wireless communications provider's stock after selling 20,547 shares during the period. T-Mobile US accounts for approximately 1.0% of Martingale Asset Management L P's holdings, making the stock its 16th biggest holding. Martingale Asset Management L P's holdings in T-Mobile US were worth $40,228,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Godsey & Gibb Inc. lifted its stake in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares during the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC lifted its stake in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares during the last quarter. Adirondack Trust Co. lifted its stake in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares during the last quarter. Finally, City Holding Co. lifted its stake in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $251.12, for a total transaction of $627,800.00. Following the completion of the sale, the insider owned 158,703 shares in the company, valued at approximately $39,853,497.36. This represents a 1.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO G Michael Sievert sold 22,500 shares of the stock in a transaction on Monday, August 18th. The shares were sold at an average price of $255.58, for a total value of $5,750,550.00. Following the sale, the chief executive officer owned 358,722 shares of the company's stock, valued at approximately $91,682,168.76. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,139,050 shares of company stock worth $504,895,827 over the last 90 days. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 2.4%

T-Mobile US stock traded down $6.21 during mid-day trading on Friday, reaching $251.95. 3,984,708 shares of the company were exchanged, compared to its average volume of 3,902,959. The business has a fifty day moving average of $237.98 and a 200 day moving average of $248.01. 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 $283.55 billion, a P/E ratio of 23.77, a PEG ratio of 1.38 and a beta of 0.62. T-Mobile US, Inc. has a 12-month low of $192.61 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results 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. The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.T-Mobile US's 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. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued 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 dividend payout ratio is currently 33.21%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price 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. Three 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $256.31.

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.