Findlay Park Partners LLP Decreases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Findlay Park Partners LLP cut its stake in T-Mobile US, Inc. (NASDAQ:TMUS – Get Rating) by 8.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,556,607 shares of the Wireless communications provider’s stock after selling 137,421 shares during the quarter. T-Mobile US makes up approximately 2.4% of Findlay Park Partners LLP’s portfolio, making the stock its 12th largest holding. Findlay Park Partners LLP’s holdings in T-Mobile US were worth $217,925,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC lifted its stake in T-Mobile US by 103.9% in the 3rd quarter. Evermay Wealth Management LLC now owns 208 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. Phocas Financial Corp. acquired a new stake in T-Mobile US in the 4th quarter valued at about $28,000. Winch Advisory Services LLC raised its holdings in T-Mobile US by 215.4% in the 4th quarter. Winch Advisory Services LLC now owns 205 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 140 shares during the last quarter. Romano Brothers AND Company acquired a new stake in T-Mobile US in the 4th quarter valued at about $30,000. Finally, Concord Wealth Partners acquired a new stake in T-Mobile US in the 4th quarter valued at about $34,000. 42.86% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

T-Mobile US stock opened at $141.37 on Wednesday. The stock has a market cap of $169.63 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 1.12 and a beta of 0.56. The company has a fifty day simple moving average of $144.98 and a 200-day simple moving average of $145.29. T-Mobile US, Inc. has a 12-month low of $121.76 and a 12-month high of $154.38. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.12.

T-Mobile US (NASDAQ:TMUS – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The Wireless communications provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.10. T-Mobile US had a net margin of 4.83% and a return on equity of 8.27%. The business had revenue of $19.63 billion during the quarter, compared to analysts’ expectations of $19.82 billion. During the same period in the previous year, the company earned $0.57 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Equities analysts expect that T-Mobile US, Inc. will post 6.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TMUS. Wells Fargo & Company increased their price objective on shares of T-Mobile US from $160.00 to $165.00 in a report on Friday, April 28th. Moffett Nathanson reiterated a “market perform” rating and issued a $174.00 price objective on shares of T-Mobile US in a report on Monday, February 6th. UBS Group set a $180.00 price objective on shares of T-Mobile US in a report on Thursday, February 2nd. Royal Bank of Canada set a $172.00 price objective on shares of T-Mobile US in a report on Wednesday, March 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of T-Mobile US from $192.00 to $185.00 in a report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.30.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 2,287 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $141.95, for a total value of $324,639.65. Following the completion of the sale, the insider now directly owns 93,916 shares of the company’s stock, valued at $13,331,376.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Michael J. Katz sold 3,500 shares of the business’s stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $145.91, for a total value of $510,685.00. Following the completion of the sale, the insider now directly owns 130,962 shares of the company’s stock, valued at $19,108,665.42. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Callie R. Field sold 2,287 shares of T-Mobile US stock in a transaction on Monday, March 6th. The shares were sold at an average price of $141.95, for a total transaction of $324,639.65. Following the completion of the transaction, the insider now owns 93,916 shares in the company, valued at $13,331,376.20. The disclosure for this sale can be found here. Insiders sold a total of 138,519 shares of company stock valued at $19,878,255 over the last ninety days. Insiders own 0.68% of the company’s stock.

T-Mobile US Company Profile

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T-Mobile US, Inc engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 1994 and is headquartered in Bellevue, WA.