Act Two Investors LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,098 shares of the Wireless communications provider’s stock after purchasing an additional 25,137 shares during the period. T-Mobile US makes up 7.2% of Act Two Investors LLC’s portfolio, making the stock its 5th biggest position. Act Two Investors LLC’s holdings in T-Mobile US were worth $26,903,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the business. Greenleaf Trust raised its position in T-Mobile US by 7.9% in the third quarter. Greenleaf Trust now owns 9,451 shares of the Wireless communications provider’s stock worth $1,324,000 after purchasing an additional 693 shares in the last quarter. Homestead Advisers Corp grew its stake in T-Mobile US by 12.4% during the third quarter. Homestead Advisers Corp now owns 688 shares of the Wireless communications provider’s stock worth $96,000 after buying an additional 76 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in T-Mobile US by 7.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,969 shares of the Wireless communications provider’s stock worth $4,057,000 after buying an additional 1,989 shares during the last quarter. Blair William & Co. IL grew its stake in T-Mobile US by 31.4% during the third quarter. Blair William & Co. IL now owns 16,071 shares of the Wireless communications provider’s stock worth $2,251,000 after buying an additional 3,845 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in T-Mobile US by 3.6% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 104,081 shares of the Wireless communications provider’s stock worth $14,577,000 after buying an additional 3,634 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $168.00 price target on shares of T-Mobile US in a report on Tuesday, January 9th. The Goldman Sachs Group raised their price target on shares of T-Mobile US from $191.00 to $194.00 in a report on Monday, October 16th. UBS Group raised their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Tigress Financial raised their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $185.93.
Insider Activity at T-Mobile US
In related news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $162.10, for a total value of $31,594,911.00. Following the sale, the director now directly owns 693,439,211 shares of the company’s stock, valued at approximately $112,406,496,103.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $162.10, for a total transaction of $31,594,911.00. Following the sale, the director now directly owns 693,439,211 shares of the company’s stock, valued at approximately $112,406,496,103.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $147.29, for a total transaction of $2,945,800.00. Following the sale, the chief executive officer now directly owns 586,339 shares in the company, valued at $86,361,871.31. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,498,114 shares of company stock valued at $404,929,651. 0.70% of the stock is owned by corporate insiders.
T-Mobile US Trading Up 0.8 %
Shares of NASDAQ TMUS traded up $1.26 during midday trading on Friday, reaching $162.19. 4,475,593 shares of the stock were exchanged, compared to its average volume of 4,995,195. The business has a 50-day simple moving average of $160.23 and a two-hundred day simple moving average of $147.78. The company has a market capitalization of $192.50 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 0.61 and a beta of 0.50. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $165.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83.
T-Mobile US (NASDAQ:TMUS – Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The firm had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.18 earnings per share. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.2 EPS for the current year.
T-Mobile US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Friday, March 1st will be given a $0.65 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $2.60 annualized dividend and a yield of 1.60%. T-Mobile US’s dividend payout ratio is currently 37.52%.
T-Mobile US 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; leasing through JUMP! On Demand; and High Speed Internet services.