QRG Capital Management Inc. Trims Stock Holdings in T-Mobile US, Inc. $TMUS

QRG Capital Management Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 25.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 81,210 shares of the Wireless communications provider’s stock after selling 27,382 shares during the quarter. QRG Capital Management Inc.’s holdings in T-Mobile US were worth $19,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in T-Mobile US in the 2nd quarter worth approximately $1,477,780,000. Marshall Wace LLP lifted its position in T-Mobile US by 2,303.2% during the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after buying an additional 1,878,654 shares during the period. Viking Global Investors LP grew its holdings in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after buying an additional 1,279,422 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after acquiring an additional 1,160,275 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of T-Mobile US by 4.5% in the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TMUS. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $259.56.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the purchase, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 335,193 shares of company stock valued at $74,665,129. Insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $186.32 on Friday. The stock has a market capitalization of $208.40 billion, a P/E ratio of 17.92, a P/E/G ratio of 1.05 and a beta of 0.45. The firm’s 50-day moving average price is $202.79 and its two-hundred day moving average price is $224.38. T-Mobile US, Inc. has a 52-week low of $185.18 and a 52-week high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the firm posted $2.61 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s dividend payout ratio is currently 39.23%.

T-Mobile US 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.