Quent Capital LLC Boosts Stake in T-Mobile US, Inc. $TMUS

Quent Capital LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% in the 2nd quarter, Holdings Channel reports. The firm owned 3,011 shares of the Wireless communications provider’s stock after buying an additional 147 shares during the period. Quent Capital LLC’s holdings in T-Mobile US were worth $717,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. Merit Financial Group LLC lifted its holdings in shares of T-Mobile US by 33.6% in the 1st quarter. Merit Financial Group LLC now owns 9,692 shares of the Wireless communications provider’s stock valued at $2,585,000 after purchasing an additional 2,435 shares during the last quarter. Portside Wealth Group LLC purchased a new stake in shares of T-Mobile US in the 1st quarter valued at about $259,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of T-Mobile US by 18.4% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,401 shares of the Wireless communications provider’s stock valued at $907,000 after purchasing an additional 529 shares during the last quarter. Breakwater Capital Group lifted its holdings in shares of T-Mobile US by 143.1% in the 1st quarter. Breakwater Capital Group now owns 2,368 shares of the Wireless communications provider’s stock valued at $632,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of T-Mobile US by 35.9% in the 1st quarter. Vest Financial LLC now owns 5,504 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 1,455 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on TMUS shares. Wolfe Research reduced their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday. Bank of America started coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective for the company. Arete Research raised T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Finally, The Goldman Sachs Group started coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.50.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $230.27 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $244.56 and its two-hundred day moving average is $244.10. T-Mobile US, Inc. has a 12-month low of $206.18 and a 12-month high of $276.49. The stock has a market capitalization of $259.15 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the previous year, the firm posted $2.49 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 38.49%.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $239.54, for a total value of $15,432,604.04. Following the sale, the director owned 634,112,640 shares in the company, valued at $151,895,341,785.60. This represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders sold 2,584,633 shares of company stock valued at $623,559,263. Corporate insiders own 0.37% of the company’s stock.

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.