T-Mobile US, Inc. (NASDAQ:TMUS) Stock Position Raised by Catalina Capital Group LLC

Catalina Capital Group LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.5% during the third quarter, Holdings Channel reports. The firm owned 1,998 shares of the Wireless communications provider’s stock after purchasing an additional 174 shares during the quarter. Catalina Capital Group LLC’s holdings in T-Mobile US were worth $412,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC grew its position in T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares in the last quarter. CFO4Life Group LLC acquired a new stake in shares of T-Mobile US in the first quarter worth $932,000. NewEdge Advisors LLC grew its holdings in shares of T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after buying an additional 25,217 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in T-Mobile US by 26.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock valued at $3,336,000 after buying an additional 4,253 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its stake in T-Mobile US by 84.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock worth $46,224,000 after acquiring an additional 102,663 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

NASDAQ TMUS opened at $232.19 on Thursday. T-Mobile US, Inc. has a 1 year low of $145.77 and a 1 year high of $234.56. The company has a fifty day simple moving average of $210.45 and a 200 day simple moving average of $189.05. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market cap of $269.45 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.15 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.82 earnings per share. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. KeyCorp lifted their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Benchmark lifted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.83.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 453,824 shares of company stock valued at $94,003,400 in the last three months. Company insiders own 0.67% of the company’s stock.

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.