Madison Asset Management LLC Has $8 Million Holdings in T-Mobile US, Inc. $TMUS

Madison Asset Management LLC cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.0% in the first quarter, Holdings Channel.com reports. The firm owned 38,100 shares of the Wireless communications provider’s stock after selling 5,200 shares during the period. Madison Asset Management LLC’s holdings in T-Mobile US were worth $8,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of TMUS. Main Street Group LTD acquired a new position in T-Mobile US in the 1st quarter valued at approximately $25,000. JDM Financial Group LLC grew its holdings in shares of T-Mobile US by 114.0% during the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 65 shares in the last quarter. Swiss RE Ltd. bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $29,000. Turning Point Benefit Group Inc. increased its position in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Finally, Sachetta LLC raised its stake in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Barclays dropped their price objective on shares of T-Mobile US from $245.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Freedom Capital upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Morgan Stanley decreased their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 7th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $254.56.

T-Mobile US Price Performance

T-Mobile US stock opened at $190.77 on Wednesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The firm has a market cap of $206.45 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.16 and a beta of 0.33. The business’s fifty day moving average is $184.97 and its two-hundred day moving average is $196.06. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The company had revenue of $23.11 billion during the quarter, compared to analyst estimates of $22.98 billion. During the same period last year, the company posted $2.58 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.53 earnings per share 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 given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

Insiders Place Their Bets

In related news, insider Andre Almeida bought 5,097 shares of the company’s stock in a transaction on Friday, May 1st. The stock was bought at an average cost of $196.18 per share, with a total value of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.32% of the company’s stock.

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.