Corton Capital Inc. Takes $355,000 Position in T-Mobile US, Inc. $TMUS

Corton Capital Inc. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,489 shares of the Wireless communications provider’s stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management boosted its holdings in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares during the period. Stone House Investment Management LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth about $29,000. TCTC Holdings LLC boosted its holdings in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares during the period. Missouri Trust & Investment Co boosted its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth about $47,000. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 2,252,901 shares of company stock worth $540,251,450. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

TMUS stock opened at $210.05 on Monday. The company has a 50 day simple moving average of $235.18 and a 200 day simple moving average of $238.82. The stock has a market cap of $234.94 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a 1 year low of $207.64 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.61 EPS. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is currently 39.23%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Rothschild Redb raised shares of T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Raymond James Financial raised shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. Cowen reissued a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Finally, BNP Paribas Exane boosted their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $266.63.

About T-Mobile US

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.