Wick Capital Partners LLC Invests $230,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Wick Capital Partners LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, HoldingsChannel reports. The fund purchased 1,306 shares of the Wireless communications provider’s stock, valued at approximately $230,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Toronto Dominion Bank grew its stake in shares of T-Mobile US by 39.1% in the 2nd quarter. Toronto Dominion Bank now owns 288,548 shares of the Wireless communications provider’s stock worth $50,836,000 after buying an additional 81,164 shares in the last quarter. Zurich Insurance Group Ltd FI increased its stake in T-Mobile US by 27.0% in the second quarter. Zurich Insurance Group Ltd FI now owns 338,677 shares of the Wireless communications provider’s stock worth $59,668,000 after purchasing an additional 72,000 shares during the period. Bwcp LP lifted its holdings in T-Mobile US by 16.5% during the 2nd quarter. Bwcp LP now owns 86,633 shares of the Wireless communications provider’s stock valued at $15,263,000 after buying an additional 12,278 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of T-Mobile US by 21.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 415,504 shares of the Wireless communications provider’s stock valued at $73,203,000 after acquiring an additional 72,267 shares in the last quarter. Finally, Gateway Advisory LLC lifted its holdings in shares of T-Mobile US by 7.8% in the 2nd quarter. Gateway Advisory LLC now owns 1,393 shares of the Wireless communications provider’s stock worth $245,000 after buying an additional 101 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TMUS. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Evercore ISI increased their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Bank of America raised their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Morgan Stanley upped their price objective on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $211.92.

T-Mobile US Stock Performance

TMUS opened at $201.44 on Wednesday. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $206.30. The stock has a market cap of $235.04 billion, a P/E ratio of 27.41, a P/E/G ratio of 1.07 and a beta of 0.51. The stock’s 50 day simple moving average is $193.08 and its 200 day simple moving average is $177.13. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.86 earnings per share. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid 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 1.75%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is presently 35.37%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $176.82, for a total value of $23,598,574.02. Following the sale, the director now directly owns 670,278,284 shares in the company, valued at $118,518,606,176.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $176.82, for a total value of $23,598,574.02. Following the transaction, the director now directly owns 670,278,284 shares in the company, valued at approximately $118,518,606,176.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the sale, the director now owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 439,953 shares of company stock worth $83,677,350. 0.67% of the stock is owned by insiders.

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.