Signet Financial Management LLC Acquires 3,793 Shares of T-Mobile US, Inc. $TMUS

Signet Financial Management LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 54.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,810 shares of the Wireless communications provider’s stock after purchasing an additional 3,793 shares during the period. Signet Financial Management LLC’s holdings in T-Mobile US were worth $2,270,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of T-Mobile US in the fourth quarter valued at $1,335,918,000. Price T Rowe Associates Inc. MD grew its holdings in T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares during the last quarter. Dodge & Cox grew its holdings in T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. Viking Global Investors LP increased its position in T-Mobile US by 81.7% in the 2nd 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. Finally, Amundi increased its position in T-Mobile US by 44.6% in the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock valued at $924,380,000 after acquiring an additional 1,266,808 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In related news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider directly owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at approximately $8,798,673. This represents a 12.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research reports. TD Cowen upped their target price 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. Barclays lowered their price target on shares of T-Mobile US from $245.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. UBS Group reduced their price objective on T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a report on Monday, June 22nd. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.76.

T-Mobile US Stock Performance

TMUS stock opened at $187.13 on Wednesday. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 1.58. The firm has a market cap of $202.51 billion, a PE ratio of 19.91, a P/E/G ratio of 1.11 and a beta of 0.33. The business’s 50-day moving average price is $185.09 and its two-hundred day moving average price is $196.42.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $22.98 billion. During the same quarter last year, the firm posted $2.58 earnings per share. T-Mobile US’s revenue was up 10.6% compared to the same quarter last year. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio is 43.40%.

T-Mobile US 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.