Princeton Global Asset Management LLC Has $5.31 Million Stock Position in T-Mobile US, Inc. $TMUS

Princeton Global Asset Management LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 26,302.4% during the third quarter, HoldingsChannel.com reports. The firm owned 22,178 shares of the Wireless communications provider’s stock after buying an additional 22,094 shares during the quarter. T-Mobile US makes up approximately 0.9% of Princeton Global Asset Management LLC’s holdings, making the stock its 28th largest holding. Princeton Global Asset Management LLC’s holdings in T-Mobile US were worth $5,309,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Weaver Capital Management LLC increased its holdings in T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after buying an additional 42 shares during the last quarter. Haven Private LLC grew its position in T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after acquiring an additional 42 shares in the last quarter. Bank of Stockton increased its stake in shares of T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of T-Mobile US by 0.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after purchasing an additional 45 shares in the last quarter. Finally, Cetera Trust Company N.A raised its holdings in shares of T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after purchasing an additional 45 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In related news, Director G Michael Sievert sold 22,500 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the sale, the director owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Srini Gopalan purchased 9,800 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the completion of the purchase, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This trade represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 1,043,868 shares of company stock worth $238,762,618. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Monday, December 15th. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Benchmark boosted their target price on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $260.17.

T-Mobile US Price Performance

NASDAQ TMUS opened at $196.73 on Friday. The stock has a 50-day simple moving average of $210.87 and a 200 day simple moving average of $229.19. T-Mobile US, Inc. has a twelve month low of $194.01 and a twelve month high of $276.49. The stock has a market capitalization of $220.04 billion, a PE ratio of 18.92, a P/E/G ratio of 1.29 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

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

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio is presently 39.23%.

T-Mobile US Company 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.