T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by SPC Financial Inc.

SPC Financial Inc. increased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 108.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,604 shares of the Wireless communications provider’s stock after purchasing an additional 9,171 shares during the period. SPC Financial Inc.’s holdings in T-Mobile US were worth $3,101,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its position in T-Mobile US by 3.1% during the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock worth $29,574,000 after acquiring an additional 5,552 shares during the period. GSA Capital Partners LLP acquired a new position in T-Mobile US during the first quarter worth $1,908,000. Cardinal Capital Management Inc. acquired a new stake in T-Mobile US in the fourth quarter valued at $29,962,000. CFO4Life Group LLC acquired a new stake in T-Mobile US in the 1st quarter valued at about $932,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after purchasing an additional 4,253 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. The Goldman Sachs Group started coverage on T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. Citigroup lifted their price target on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, September 19th. Finally, Benchmark upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. 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, the stock presently has a consensus rating of “Buy” and a consensus target price of $214.36.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the completion of the sale, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. Insiders have sold 303,492 shares of company stock worth $59,546,006 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $206.36 on Tuesday. The firm has a market cap of $241.82 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The business has a 50 day moving average price of $194.93 and a two-hundred day moving average price of $178.27. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $208.16.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 firm had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.86 EPS. Sell-side analysts expect that T-Mobile US, Inc. will post 9.13 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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 annualized dividend and a dividend yield of 1.71%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 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.