Greenland Capital Management LP Takes Position in T-Mobile US, Inc. $TMUS

Greenland Capital Management LP acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,991 shares of the Wireless communications provider’s stock, valued at approximately $2,631,000.

Several other institutional investors have also recently added to or reduced their stakes in TMUS. Howard Hughes Medical Institute purchased a new position in shares of T-Mobile US during the second quarter worth $25,000. United Community Bank raised its holdings in shares of T-Mobile US by 131.1% in the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 59 shares during the period. Elevation Wealth Partners LLC lifted its stake in T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares in the last quarter. Aspect Partners LLC boosted its holdings in T-Mobile US by 112.1% during the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the period. Finally, CoreFirst Bank & Trust acquired a new position in T-Mobile US in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 2.1%

Shares of NASDAQ:TMUS opened at $219.95 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The firm’s 50 day moving average price is $199.16 and its 200 day moving average price is $217.70. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market cap of $242.35 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.38 and a beta of 0.44.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.02%.

Insider Activity

In other news, Director G Michael Sievert sold 80,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. This represents a 36.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Letitia A. Long sold 1,457 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $210.32, for a total value of $306,436.24. Following the completion of the transaction, the director owned 5,438 shares in the company, valued at approximately $1,143,720.16. The trade was a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 674,971 shares of company stock valued at $146,605,683. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Royal Bank Of Canada cut their target price on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Wolfe Research reissued an “outperform” rating and issued a $255.00 price target on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and an average price target of $257.09.

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.