Brucke Financial Inc. Boosts Stock Position in T-Mobile US, Inc. $TMUS

Brucke Financial Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 17.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,961 shares of the Wireless communications provider’s stock after purchasing an additional 449 shares during the quarter. Brucke Financial Inc.’s holdings in T-Mobile US were worth $705,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC purchased a new stake in T-Mobile US in the 2nd quarter valued at $284,000. Crestwood Advisors Group LLC lifted its stake in T-Mobile US by 79.5% during the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after acquiring an additional 724 shares in the last quarter. Berkshire Bank lifted its stake in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after acquiring an additional 1,400 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in T-Mobile US by 14.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Finally, Granite Bay Wealth Management LLC lifted its stake in T-Mobile US by 9.0% during the 2nd quarter. Granite Bay Wealth Management LLC now owns 25,980 shares of the Wireless communications provider’s stock worth $6,190,000 after acquiring an additional 2,135 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the transaction, the director directly owned 646,822,764 shares in the company, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 2,499,001 shares of company stock valued at $602,845,239 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $228.79 on Friday. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The stock has a market cap of $257.48 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.54 and a beta of 0.59. The business has a fifty day moving average of $243.36 and a 200-day moving average of $243.02. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $20.99 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a yield of 1.8%. T-Mobile US’s payout ratio is currently 33.21%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Raymond James Financial raised T-Mobile US to a “hold” rating in a research report on Wednesday, October 1st. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of T-Mobile US in a research note on Wednesday. Benchmark increased their price target on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. Finally, Rothschild Redb raised T-Mobile US to a “hold” rating in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $265.13.

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.