FCG Investment Co Purchases New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

FCG Investment Co purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, HoldingsChannel reports. The firm purchased 5,938 shares of the Wireless communications provider’s stock, valued at approximately $1,584,000. T-Mobile US comprises approximately 1.0% of FCG Investment Co’s investment portfolio, making the stock its 29th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. boosted its holdings in T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC boosted its holdings in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. City Holding Co. boosted its holdings in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Finally, Adirondack Trust Co. boosted its holdings in T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. Tigress Financial lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Royal Bank Of Canada raised their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a “sector perform” rating in a research report on Friday, July 25th. Scotiabank raised T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Finally, Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $256.31.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director directly owned 636,271,724 shares in the company, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total value of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company’s stock, valued at $26,702,552.80. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,974,370 shares of company stock valued at $462,526,830 over the last quarter. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

NASDAQ TMUS opened at $254.63 on Friday. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The stock has a 50-day moving average of $235.58 and a 200 day moving average of $247.33. The company has a market capitalization of $286.57 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.39 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the company earned $2.49 EPS. T-Mobile US’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 33.21%.

About T-Mobile US

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.