Motco Acquires 302 Shares of T-Mobile US, Inc. $TMUS

Motco grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 51,021 shares of the Wireless communications provider’s stock after buying an additional 302 shares during the quarter. T-Mobile US comprises approximately 1.2% of Motco’s holdings, making the stock its 26th largest holding. Motco’s holdings in T-Mobile US were worth $12,164,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. New York Life Investment Management LLC raised its holdings in shares of T-Mobile US by 0.9% in the 2nd quarter. New York Life Investment Management LLC now owns 64,845 shares of the Wireless communications provider’s stock valued at $15,450,000 after purchasing an additional 597 shares in the last quarter. Pavion Blue Capital LLC bought a new stake in shares of T-Mobile US in the 2nd quarter valued at about $1,191,000. Howard Capital Management Inc. raised its holdings in shares of T-Mobile US by 93.1% in the 2nd quarter. Howard Capital Management Inc. now owns 25,100 shares of the Wireless communications provider’s stock valued at $5,980,000 after purchasing an additional 12,101 shares in the last quarter. Motley Fool Asset Management LLC raised its holdings in shares of T-Mobile US by 11.7% in the 2nd quarter. Motley Fool Asset Management LLC now owns 59,319 shares of the Wireless communications provider’s stock valued at $14,133,000 after purchasing an additional 6,210 shares in the last quarter. Finally, Conscious Wealth Investments LLC raised its holdings in shares of T-Mobile US by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 12,861 shares of the Wireless communications provider’s stock valued at $3,077,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective on the stock. Wolfe Research cut their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. TD Cowen cut their price objective on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.63.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 856 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $220.03, for a total transaction of $188,345.68. Following the sale, the director owned 582,185,182 shares of the company’s stock, valued at approximately $128,098,205,595.46. The trade was a 0.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 2,273,274 shares of company stock worth $547,198,479. 0.37% of the stock is currently owned by insiders.

T-Mobile US Stock Down 0.3%

Shares of T-Mobile US stock opened at $219.99 on Wednesday. The company has a market cap of $246.06 billion, a P/E ratio of 21.15, a PEG ratio of 1.55 and a beta of 0.59. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. The firm’s 50 day moving average price is $237.85 and its 200-day moving average price is $240.03.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate 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 net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.61 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is presently 33.85%.

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.