T-Mobile US, Inc. $TMUS Shares Acquired by Tuttle Capital Management LLC

Tuttle Capital Management LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 15.0% in the second quarter, HoldingsChannel reports. The firm owned 2,807 shares of the Wireless communications provider’s stock after buying an additional 366 shares during the quarter. T-Mobile US makes up approximately 2.8% of Tuttle Capital Management LLC’s holdings, making the stock its 13th biggest holding. Tuttle Capital Management LLC’s holdings in T-Mobile US were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Ritholtz Wealth Management boosted its stake in shares of T-Mobile US by 2.0% during the 2nd quarter. Ritholtz Wealth Management now owns 13,347 shares of the Wireless communications provider’s stock worth $3,180,000 after purchasing an additional 263 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of T-Mobile US by 8.9% during the second quarter. Harbour Investments Inc. now owns 1,131 shares of the Wireless communications provider’s stock valued at $269,000 after buying an additional 92 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of T-Mobile US by 2.2% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,276 shares of the Wireless communications provider’s stock valued at $1,495,000 after buying an additional 137 shares during the period. J.Safra Asset Management Corp boosted its position in T-Mobile US by 19.1% during the second quarter. J.Safra Asset Management Corp now owns 5,175 shares of the Wireless communications provider’s stock worth $1,217,000 after acquiring an additional 831 shares during the last quarter. Finally, Bayforest Capital Ltd grew its stake in T-Mobile US by 118.8% in the 2nd quarter. Bayforest Capital Ltd now owns 1,083 shares of the Wireless communications provider’s stock worth $258,000 after acquiring an additional 588 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 1.9%

Shares of TMUS opened at $229.42 on Wednesday. T-Mobile US, Inc. has a 12 month low of $208.39 and a 12 month high of $276.49. The stock’s 50-day moving average is $242.85 and its two-hundred day moving average is $242.34. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock has a market cap of $258.19 billion, a PE ratio of 21.64, a P/E/G ratio of 1.54 and a beta of 0.59.

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

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders 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 yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 33.21%.

Insiders Place Their Bets

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the sale, the director directly owned 646,822,764 shares in the company, valued at $150,470,379,589.32. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 2,418,333 shares of company stock valued at $584,293,759. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TMUS shares. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. KeyCorp reiterated an “underweight” rating and set a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Tuesday, July 8th. Finally, Morgan Stanley increased their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $265.13.

T-Mobile US Company Profile

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.