Kathmere Capital Management LLC Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Kathmere Capital Management LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,322 shares of the Wireless communications provider’s stock, valued at approximately $233,000.

A number of other hedge funds also recently modified their holdings of TMUS. Susquehanna Fundamental Investments LLC bought a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $863,000. Scientech Research LLC acquired a new stake in shares of T-Mobile US during the second quarter valued at about $497,000. Legal & General Group Plc grew its holdings in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of T-Mobile US by 22.3% in the second quarter. Mackenzie Financial Corp now owns 391,280 shares of the Wireless communications provider’s stock valued at $68,936,000 after buying an additional 71,406 shares during the period. Finally, MBB Public Markets I LLC bought a new position in T-Mobile US in the 2nd quarter valued at approximately $6,558,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deeanne King sold 15,437 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The disclosure for this sale can be found here. Insiders have sold a total of 303,492 shares of company stock worth $59,546,006 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TMUS shares. Wells Fargo & Company raised their price target on shares of T-Mobile US from $200.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Barclays raised their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Scotiabank upped their price target on shares of T-Mobile US from $197.00 to $215.50 and gave the company a “sector outperform” rating in a research report on Thursday, September 19th. KeyCorp boosted their price objective on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada boosted their price target on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday. Eighteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $214.36.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $205.18 on Monday. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $208.16. The firm has a market cap of $240.44 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.07 and a beta of 0.51. The company has a fifty day moving average price of $194.35 and a 200-day moving average price of $177.97. 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 quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping 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 business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.13 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.72%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 47.89%.

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.