SummitTX Capital L.P. Makes New $5.98 Million Investment in T-Mobile US, Inc. $TMUS

SummitTX Capital L.P. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 28,483 shares of the Wireless communications provider’s stock, valued at approximately $5,982,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TMUS. Lazard Asset Management LLC raised its position in shares of T-Mobile US by 20.2% in the first quarter. Lazard Asset Management LLC now owns 38,738 shares of the Wireless communications provider’s stock valued at $8,136,000 after buying an additional 6,518 shares in the last quarter. Jessup Wealth Management Inc grew its position in T-Mobile US by 247.4% during the first quarter. Jessup Wealth Management Inc now owns 51,181 shares of the Wireless communications provider’s stock worth $10,749,000 after buying an additional 36,448 shares in the last quarter. Family Manage LLC acquired a new stake in T-Mobile US during the first quarter worth approximately $222,000. Gateway Wealth Partners LLC increased its stake in T-Mobile US by 176.9% during the 1st quarter. Gateway Wealth Partners LLC now owns 4,751 shares of the Wireless communications provider’s stock worth $998,000 after acquiring an additional 3,035 shares during the period. Finally, Blue Chip Partners LLC increased its stake in T-Mobile US by 37.0% during the 1st quarter. Blue Chip Partners LLC now owns 94,332 shares of the Wireless communications provider’s stock worth $19,812,000 after acquiring an additional 25,484 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.6%

Shares of NASDAQ:TMUS opened at $177.21 on Tuesday. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56. The company has a market capitalization of $190.09 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.06 and a beta of 0.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The company has a fifty day moving average of $184.26 and a 200-day moving average of $195.47.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.T-Mobile US’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $2.84 EPS. On average, equities analysts predict that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Insider Activity

In other news, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the acquisition, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. This trade represents a 12.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Morgan Stanley reduced their target price on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Arete Research raised their price target on T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft dropped their price target on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Finally, Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 price objective for the company in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.08.

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.