MGO One Seven LLC Purchases 664 Shares of T-Mobile US, Inc. $TMUS

MGO One Seven LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 13.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,760 shares of the Wireless communications provider’s stock after acquiring an additional 664 shares during the period. MGO One Seven LLC’s holdings in T-Mobile US were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Cypress Capital Group bought a new position in T-Mobile US during the second quarter valued at $784,000. Hazlett Burt & Watson Inc. lifted its position in shares of T-Mobile US by 12.4% during the second quarter. Hazlett Burt & Watson Inc. now owns 1,827 shares of the Wireless communications provider’s stock worth $435,000 after purchasing an additional 201 shares during the last quarter. Quantum Financial Planning Services Inc. lifted its position in shares of T-Mobile US by 7.6% during the second quarter. Quantum Financial Planning Services Inc. now owns 1,525 shares of the Wireless communications provider’s stock worth $359,000 after purchasing an additional 108 shares during the last quarter. CWM LLC lifted its position in shares of T-Mobile US by 8.8% during the second quarter. CWM LLC now owns 63,797 shares of the Wireless communications provider’s stock worth $15,200,000 after purchasing an additional 5,149 shares during the last quarter. Finally, OFI Invest Asset Management lifted its position in shares of T-Mobile US by 793.4% during the second quarter. OFI Invest Asset Management now owns 38,998 shares of the Wireless communications provider’s stock worth $9,292,000 after purchasing an additional 34,633 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TMUS. Moffett Nathanson lifted their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Finally, Benchmark lifted their target price on T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.13.

T-Mobile US Stock Down 1.2%

NASDAQ:TMUS opened at $226.65 on Thursday. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49. The company has a 50-day moving average of $242.60 and a 200 day moving average of $242.23. The firm has a market cap of $255.08 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.57 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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 net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same period in the prior year, the firm earned $2.49 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 38.49%.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Wednesday, July 23rd. The shares were 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. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 2,418,333 shares of company stock valued at $584,293,759 in the last ninety days. Insiders own 0.37% of the company’s stock.

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.