Delta Investment Management LLC Has $335,000 Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Delta Investment Management LLC boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 46.2% in the second quarter, Holdings Channel reports. The firm owned 1,900 shares of the Wireless communications provider’s stock after purchasing an additional 600 shares during the quarter. Delta Investment Management LLC’s holdings in T-Mobile US were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. WASHINGTON TRUST Co grew its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US in the second quarter valued at about $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US in the second quarter valued at about $27,000. Westside Investment Management Inc. grew its position in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 75 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in T-Mobile US in the second quarter valued at about $30,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at $305,183,874.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders have sold 306,492 shares of company stock valued at $60,078,776 over the last ninety days. 0.67% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TD Cowen boosted their price target on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on T-Mobile US from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 19th. Evercore ISI boosted their price target on T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Barclays boosted their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Oppenheimer boosted their price target on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Eighteen analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $211.92.

T-Mobile US Price Performance

Shares of TMUS opened at $203.25 on Friday. T-Mobile US, Inc. has a 52-week low of $135.82 and a 52-week high of $208.16. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The business’s 50 day moving average price is $193.47 and its two-hundred day moving average price is $177.31. The firm has a market cap of $238.18 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51.

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

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.73%. T-Mobile US’s payout ratio is 47.89%.

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.