Wellington Management Group LLP Sells 8,578,656 Shares of T-Mobile US, Inc. $TMUS

Wellington Management Group LLP lessened its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 49.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,621,588 shares of the Wireless communications provider’s stock after selling 8,578,656 shares during the quarter. Wellington Management Group LLP’s holdings in T-Mobile US were worth $1,446,099,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Sei Investments Co. boosted its stake in shares of T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares during the last quarter. Diversify Advisory Services LLC raised its stake in T-Mobile US by 315.7% during the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock worth $1,147,000 after buying an additional 3,454 shares during the last quarter. Darwin Wealth Management LLC bought a new position in T-Mobile US during the second quarter worth $375,000. Raymond James Financial Inc. raised its stake in T-Mobile US by 0.5% during the second quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP lifted its holdings in T-Mobile US by 81.7% in the second 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. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 2.0%

Shares of NASDAQ TMUS opened at $181.37 on Friday. The stock has a market capitalization of $194.55 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.00 and a beta of 0.33. The company has a 50-day moving average price of $181.12 and a 200-day moving average price of $193.35. T-Mobile US, Inc. has a 1 year low of $165.66 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the business posted $2.84 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s payout ratio is currently 42.72%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TMUS shares. Scotiabank cut their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, July 15th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Bank of America raised T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Monday, July 6th. TD Cowen cut their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Finally, UBS Group reduced their price objective on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $252.08.

About T-Mobile US

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.