20,000 Shares in T-Mobile US, Inc. $TMUS Purchased by III Capital Management

III Capital Management purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,000 shares of the Wireless communications provider’s stock, valued at approximately $4,061,000. T-Mobile US comprises approximately 0.6% of III Capital Management’s investment portfolio, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMUS. JDM Financial Group LLC boosted its holdings in T-Mobile US by 114.0% during the fourth 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 during the last quarter. Swiss RE Ltd. purchased a new position in T-Mobile US during the fourth quarter worth about $29,000. Turning Point Benefit Group Inc. boosted its holdings in 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 worth $32,000 after purchasing an additional 153 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new position in T-Mobile US during the fourth quarter worth about $36,000. Finally, Ares Financial Consulting LLC purchased a new position in T-Mobile US during the fourth quarter worth about $38,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of the stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the transaction, the insider owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This trade represents a 12.82% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.32% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $181.31 on Thursday. The company’s 50 day moving average is $190.06 and its 200-day moving average is $199.18. T-Mobile US, Inc. has a 12-month low of $174.02 and a 12-month high of $261.56. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a market cap of $196.21 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.07 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. T-Mobile US’s payout ratio is 43.40%.

Wall Street Analyst Weigh In

Several brokerages have commented on TMUS. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. Scotiabank lowered their price objective on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, April 29th. Freedom Capital raised shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. TD Cowen lifted their price objective on shares of T-Mobile US from $252.00 to $261.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley began coverage on shares of T-Mobile US in a research report on Thursday, April 16th. They issued an “overweight” rating and a $260.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $260.48.

T-Mobile US Company Profile

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.