Factory Mutual Insurance Co. Sells 4,000 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Factory Mutual Insurance Co. cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,607 shares of the Wireless communications provider’s stock after selling 4,000 shares during the period. Factory Mutual Insurance Co.’s holdings in T-Mobile US were worth $65,335,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Voisard Asset Management Group Inc. purchased a new position in T-Mobile US in the fourth quarter valued at about $56,000. V Square Quantitative Management LLC grew its holdings in T-Mobile US by 168.8% during the fourth quarter. V Square Quantitative Management LLC now owns 3,882 shares of the Wireless communications provider’s stock valued at $622,000 after purchasing an additional 2,438 shares during the period. Raleigh Capital Management Inc. raised its stake in shares of T-Mobile US by 323.9% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,081 shares of the Wireless communications provider’s stock valued at $173,000 after buying an additional 826 shares during the period. Syon Capital LLC lifted its position in shares of T-Mobile US by 20.6% during the 4th quarter. Syon Capital LLC now owns 3,997 shares of the Wireless communications provider’s stock valued at $641,000 after buying an additional 682 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in T-Mobile US by 14.5% in the 4th quarter. EP Wealth Advisors LLC now owns 5,485 shares of the Wireless communications provider’s stock worth $879,000 after acquiring an additional 694 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on 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 directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 306,492 shares of company stock worth $60,161,906. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 0.8 %

Shares of NASDAQ TMUS traded up $1.59 during midday trading on Friday, reaching $213.04. The company had a trading volume of 1,778,597 shares, compared to its average volume of 4,514,390. The firm’s fifty day moving average price is $200.37 and its 200-day moving average price is $181.21. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a one year low of $136.85 and a one year high of $215.18. The stock has a market cap of $249.65 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results 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 company had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the previous year, the business earned $1.86 EPS. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.14 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. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 47.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI increased their target price on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Citigroup boosted their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Barclays lifted their price target on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Tigress Financial increased their price objective on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Nineteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $216.36.

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.