MV Capital Management Inc. Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

MV Capital Management Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 851 shares of the Wireless communications provider’s stock after acquiring an additional 130 shares during the period. MV Capital Management Inc.’s holdings in T-Mobile US were worth $139,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TMUS. Private Wealth Management Group LLC acquired a new stake in T-Mobile US during the 4th quarter worth approximately $27,000. Valley National Advisers Inc. grew its stake in T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the period. Baker Avenue Asset Management LP increased its position in shares of T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 81 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US in the 4th quarter valued at $34,000. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of T-Mobile US by 52.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares in the company, valued at $1,114,995.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the transaction, the director now directly owns 673,251,489 shares in the company, valued at approximately $116,236,869,575.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,399,830 shares of company stock worth $1,071,720,246. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Up 0.5 %

NASDAQ TMUS opened at $179.98 on Wednesday. The company has a market capitalization of $210.91 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 0.69 and a beta of 0.51. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a 12 month low of $131.47 and a 12 month high of $182.67. The company’s fifty day moving average price is $170.18 and its two-hundred day moving average price is $164.69.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.58 earnings per share. As a group, research analysts predict that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.44%. T-Mobile US’s payout ratio is 35.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Bank of America boosted their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup increased their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, KeyCorp lifted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Fifteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $190.79.

T-Mobile US 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.