Ninepoint Partners LP Reduces Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Ninepoint Partners LP lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,912 shares of the Wireless communications provider’s stock after selling 265 shares during the period. Ninepoint Partners LP’s holdings in T-Mobile US were worth $689,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new stake in shares of T-Mobile US during the second quarter worth $863,000. Scientech Research LLC purchased a new stake in shares of T-Mobile US during the second quarter worth $497,000. Legal & General Group Plc lifted its position in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of T-Mobile US by 22.3% during the second quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock worth $68,936,000 after acquiring an additional 71,406 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new stake in shares of T-Mobile US during the second quarter worth $6,558,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.9 %

Shares of NASDAQ:TMUS opened at $205.18 on Friday. The stock’s 50-day moving average price is $194.35 and its 200-day moving average price is $177.77. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $208.16. The stock has a market capitalization of $240.44 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.13 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 306,492 shares of company stock worth $60,078,776. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Royal Bank of Canada upped their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley upped their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. KeyCorp upped their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Scotiabank upped their price target on shares of T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company upped their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Eighteen research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has a consensus rating of “Buy” and a consensus target price of $214.36.

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.