Lincoln Capital Corp Sells 11,424 Shares of T-Mobile US, Inc. $TMUS

Lincoln Capital Corp decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 46.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,158 shares of the Wireless communications provider’s stock after selling 11,424 shares during the quarter. T-Mobile US makes up approximately 1.1% of Lincoln Capital Corp’s portfolio, making the stock its 26th largest position. Lincoln Capital Corp’s holdings in T-Mobile US were worth $3,150,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Norges Bank bought a new stake in T-Mobile US in the 2nd quarter worth about $1,477,780,000. Marshall Wace LLP grew its holdings in shares of T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after acquiring an additional 1,878,654 shares in the last quarter. Viking Global Investors LP grew its holdings in shares of 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 acquiring an additional 1,279,422 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after acquiring an additional 1,160,275 shares during the last quarter. Finally, State Street Corp lifted its holdings in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TMUS shares. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Barclays reduced their price target on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. TD Cowen lowered their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.17.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the transaction, the insider owned 156,203 shares in the company, valued at $33,725,789.73. This trade represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director directly owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 915,016 shares of company stock worth $208,006,290 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $201.00 on Friday. The company’s 50 day moving average is $207.97 and its 200-day moving average is $227.58. T-Mobile US, Inc. has a 12-month low of $194.01 and a 12-month 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. The firm has a market cap of $224.82 billion, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.29 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm earned $2.61 EPS. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. Sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

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.