Deerfield Management Company L.P. Series C Acquires Shares of 4,337 T-Mobile US, Inc. (NASDAQ:TMUS)

Deerfield Management Company L.P. Series C bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,337 shares of the Wireless communications provider’s stock, valued at approximately $764,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Delta Investment Management LLC raised its stake in shares of T-Mobile US by 46.2% in the second quarter. Delta Investment Management LLC now owns 1,900 shares of the Wireless communications provider’s stock valued at $335,000 after acquiring an additional 600 shares during the period. DoubleLine ETF Adviser LP lifted its stake in T-Mobile US by 3.3% in the second quarter. DoubleLine ETF Adviser LP now owns 25,207 shares of the Wireless communications provider’s stock worth $4,441,000 after purchasing an additional 805 shares during the last quarter. APG Asset Management N.V. grew its stake in shares of T-Mobile US by 14.1% during the second quarter. APG Asset Management N.V. now owns 1,840,744 shares of the Wireless communications provider’s stock valued at $302,591,000 after buying an additional 227,834 shares during the last quarter. Wick Capital Partners LLC purchased a new stake in shares of T-Mobile US in the second quarter worth approximately $230,000. Finally, Toronto Dominion Bank lifted its stake in shares of T-Mobile US by 39.1% during the 2nd quarter. Toronto Dominion Bank now owns 288,548 shares of the Wireless communications provider’s stock worth $50,836,000 after acquiring an additional 81,164 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS stock opened at $203.25 on Friday. The company has a market cap of $238.18 billion, a P/E ratio of 27.65, a PEG ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock’s 50-day moving average is $193.47 and its 200 day moving average is $177.31. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $208.16.

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

T-Mobile US Increases Dividend

The company also recently declared 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. 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%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 47.89%.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 306,492 shares of company stock valued at $60,078,776. Corporate insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TMUS. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. KeyCorp upped their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Tigress Financial lifted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Cowen upped their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised their target price on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Eighteen equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Buy” and a consensus price target of $211.92.

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.