Wedge Capital Management L L P NC Grows Stake in T-Mobile US, Inc. $TMUS

Key Points

• Wedge Capital boosted its stake in T‑Mobile by 18.4% in Q4 to 80,140 shares, holdings now valued at about $16.27 million.
• Company insiders have been net sellers recently — notably Raul M. Claure sold 550,000 shares for roughly $119.66 million, and insiders sold a total of 694,134 shares worth ~$150.85 million over the past 90 days.
• T‑Mobile announced a quarterly dividend of $1.02 per share (annualized $4.08, ~1.9% yield), while analysts hold a consensus "Moderate Buy" rating with a $257.30 consensus price target.

Wedge Capital Management L L P NC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,140 shares of the Wireless communications provider's stock after purchasing an additional 12,456 shares during the period. Wedge Capital Management L L P NC's holdings in T-Mobile US were worth $16,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairvoy Private Wealth LLC grew its position in T-Mobile US by 1.9% during the 4th quarter. Fairvoy Private Wealth LLC now owns 8,910 shares of the Wireless communications provider's stock valued at $1,809,000 after purchasing an additional 168 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of T-Mobile US by 136.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 84,163 shares of the Wireless communications provider's stock valued at $17,088,000 after buying an additional 48,534 shares during the last quarter. Accurate Wealth Management LLC boosted its position in shares of T-Mobile US by 10.4% during the fourth quarter. Accurate Wealth Management LLC now owns 3,630 shares of the Wireless communications provider's stock valued at $728,000 after buying an additional 343 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in T-Mobile US by 43.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 431 shares of the Wireless communications provider's stock worth $88,000 after buying an additional 130 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in T-Mobile US by 23.0% in the 4th quarter. Capital Investment Advisors LLC now owns 1,479 shares of the Wireless communications provider's stock worth $300,000 after buying an additional 277 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 3,291 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. The trade was a 76.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the transaction, the director owned 891,204 shares of the company's stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of T-Mobile US in a report on Thursday, February 19th. Barclays boosted their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. Citigroup raised their target price on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a "neutral" rating in a report on Tuesday, March 17th. UBS Group reissued a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Daiwa Securities Group upgraded T-Mobile US from a "neutral" rating to an "outperform" rating and set a $240.00 price target on the stock in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $257.30.

T-Mobile US Stock Performance

TMUS opened at $210.82 on Friday. The company has a 50 day simple moving average of $207.20 and a two-hundred day simple moving average of $211.91. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market cap of $232.29 billion, a P/E ratio of 21.71, a PEG ratio of 1.38 and a beta of 0.43. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, May 29th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. T-Mobile US's dividend payout ratio (DPR) is presently 42.02%.

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.

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