AlphaQuest LLC Has $1.13 Million Stock Holdings in T-Mobile US, Inc. $TMUS

AlphaQuest LLC trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,720 shares of the Wireless communications provider’s stock after selling 971 shares during the quarter. AlphaQuest LLC’s holdings in T-Mobile US were worth $1,125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TMUS. Wellington Management Group LLP grew its position in shares of T-Mobile US by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock valued at $3,426,407,000 after buying an additional 214,224 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of T-Mobile US by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock valued at $1,080,388,000 after buying an additional 169,562 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of T-Mobile US by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,389,677 shares of company stock valued at $575,795,321 in the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Down 1.0%

Shares of NASDAQ:TMUS opened at $217.77 on Friday. The business’s 50 day simple moving average is $239.30 and its two-hundred day simple moving average is $240.62. The firm has a market cap of $245.08 billion, a P/E ratio of 20.94, a PEG ratio of 1.49 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.13 and a current ratio of 0.89. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.61 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US’s dividend payout ratio is currently 33.85%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective on the stock. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Rothschild Redb raised T-Mobile US to a “hold” rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

T-Mobile US 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.