Catalyst Capital Advisors LLC Has $601,000 Stock Holdings in T-Mobile US, Inc. $TMUS

Catalyst Capital Advisors LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 29.5% during the second quarter, HoldingsChannel reports. The firm owned 2,521 shares of the Wireless communications provider’s stock after acquiring an additional 575 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in T-Mobile US were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TMUS. GAMMA Investing LLC grew its position in T-Mobile US by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock worth $3,054,000 after acquiring an additional 1,059 shares during the last quarter. Spire Wealth Management grew its position in T-Mobile US by 226.0% during the 1st quarter. Spire Wealth Management now owns 5,712 shares of the Wireless communications provider’s stock worth $1,523,000 after acquiring an additional 3,960 shares during the last quarter. Golden State Wealth Management LLC grew its position in T-Mobile US by 1,255.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,779 shares of the Wireless communications provider’s stock worth $741,000 after acquiring an additional 2,574 shares during the last quarter. Perigon Wealth Management LLC grew its position in T-Mobile US by 7.0% during the 1st quarter. Perigon Wealth Management LLC now owns 3,892 shares of the Wireless communications provider’s stock worth $1,038,000 after acquiring an additional 256 shares during the last quarter. Finally, Pure Financial Advisors LLC bought a new stake in T-Mobile US during the 1st quarter worth $358,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s 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 transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 2,389,677 shares of company stock valued at $575,795,321. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Down 1.0%

Shares of NASDAQ:TMUS opened at $217.77 on Friday. The company has a market capitalization of $245.08 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.51 and a beta of 0.59. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 1.13. The business’s 50-day moving average is $239.30 and its 200-day moving average is $240.66. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.61 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TMUS shares. Wells Fargo & Company upgraded T-Mobile US from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $250.00 to $260.00 in a research report on Thursday, October 16th. Scotiabank boosted their price objective on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research report on Monday, October 6th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday. Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday. Finally, KeyCorp reaffirmed an “underweight” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.22.

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.