Fernbridge Capital Management LP Has $57.45 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Fernbridge Capital Management LP lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,275 shares of the Wireless communications provider's stock after selling 115,437 shares during the period. T-Mobile US comprises approximately 3.0% of Fernbridge Capital Management LP's portfolio, making the stock its 11th biggest position. Fernbridge Capital Management LP's holdings in T-Mobile US were worth $57,451,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TMUS. Geode Capital Management LLC lifted its position in shares of T-Mobile US by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock worth $2,610,542,000 after purchasing an additional 90,755 shares in the last quarter. Invesco Ltd. lifted its position in T-Mobile US by 4.6% in the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock worth $1,944,503,000 after buying an additional 384,956 shares in the last quarter. Norges Bank acquired a new stake in shares of T-Mobile US during the 4th quarter valued at $1,802,393,000. Franklin Resources Inc. increased its stake in shares of T-Mobile US by 9.9% in the third quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider's stock worth $1,448,426,000 after acquiring an additional 590,711 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of T-Mobile US by 36.2% during 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 Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the transaction, the director now directly owns 3,291 shares in the company, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company's stock.

T-Mobile US Stock Performance

T-Mobile US stock traded up $0.05 on Thursday, hitting $247.00. The company's stock had a trading volume of 3,601,764 shares, compared to its average volume of 4,258,515. T-Mobile US, Inc. has a one year low of $161.61 and a one year high of $276.49. The firm has a market cap of $280.76 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a fifty day moving average price of $258.98 and a 200-day moving average price of $241.18.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same quarter in the prior year, the business posted $2.00 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.43%. T-Mobile US's dividend payout ratio is currently 34.34%.

Analyst Ratings Changes

TMUS has been the topic of several research reports. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday, March 27th. Bank of America increased their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Barclays raised their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $257.68.

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.