Cornerstone Advisors LLC Acquires New Holdings in T-Mobile US, Inc. $TMUS

Cornerstone Advisors LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 91,942 shares of the Wireless communications provider’s stock, valued at approximately $15,421,000.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Main Street Group LTD purchased a new position in shares of T-Mobile US in the 1st quarter worth $25,000. JDM Financial Group LLC lifted its holdings in T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares during the period. Swiss RE Ltd. purchased a new position in T-Mobile US in the fourth quarter worth about $29,000. Paladin Partners LLC purchased a new position in T-Mobile US in the second quarter worth about $25,000. Finally, Turning Point Benefit Group Inc. grew its stake in shares of T-Mobile US by 3,825.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TMUS. Benchmark reduced their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Wells Fargo & Company cut their target price on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Wall Street Zen raised shares of T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Wolfe Research reiterated a “peer perform” rating on shares of T-Mobile US in a research report on Friday. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Trading Down 1.4%

Shares of NASDAQ:TMUS opened at $180.12 on Tuesday. The stock has a 50 day moving average of $181.63 and a 200 day moving average of $194.24. The company has a market cap of $193.21 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.56. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The company had revenue of $22.79 billion for the quarter, compared to analysts’ expectations of $22.95 billion. During the same quarter last year, the business earned $2.84 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.73 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

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.