Act Two Investors LLC Purchases 14,446 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Act Two Investors LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,544 shares of the Wireless communications provider’s stock after acquiring an additional 14,446 shares during the period. T-Mobile US accounts for approximately 7.2% of Act Two Investors LLC’s investment portfolio, making the stock its 4th biggest holding. Act Two Investors LLC’s holdings in T-Mobile US were worth $33,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TMUS. Private Wealth Management Group LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $27,000. Valley National Advisers Inc. raised its stake in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at about $34,000. Finally, Raleigh Capital Management Inc. increased its stake in shares of T-Mobile US by 54.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TMUS shares. Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. TD Cowen cut their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Royal Bank of Canada lifted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Tigress Financial lifted their price target on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Citigroup lifted their price target on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $186.33.

Get Our Latest Report on TMUS

T-Mobile US Price Performance

Shares of T-Mobile US stock traded up $1.03 on Friday, hitting $166.00. 3,722,101 shares of the company were exchanged, compared to its average volume of 4,302,309. The stock has a market capitalization of $194.53 billion, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The company has a 50-day moving average price of $162.60 and a 200 day moving average price of $160.11. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUSGet Free Report) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity at T-Mobile US

In related news, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Telekom Ag Deutsche sold 194,910 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $167.53, for a total value of $32,653,272.30. Following the transaction, the director now directly owns 684,863,171 shares in the company, valued at $114,735,127,037.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Callie R. Field sold 5,844 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares in the company, valued at $17,274,364.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,829,770 shares of company stock worth $1,112,065,505. Insiders own 0.67% of the company’s stock.

T-Mobile US Company Profile

(Free Report)

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; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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