Titan Global Capital Management USA LLC Decreases Stake in T-Mobile US, Inc. $TMUS

Titan Global Capital Management USA LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,794 shares of the Wireless communications provider’s stock after selling 4,631 shares during the period. T-Mobile US makes up approximately 2.6% of Titan Global Capital Management USA LLC’s investment portfolio, making the stock its 17th largest position. Titan Global Capital Management USA LLC’s holdings in T-Mobile US were worth $16,629,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Activest Wealth Management raised its holdings in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 94 shares during the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the first quarter valued at $29,000. TCTC Holdings LLC grew its position in shares of 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 purchasing an additional 77 shares during the period. Missouri Trust & Investment Co increased its stake in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 105 shares during the last quarter. Finally, Aspect Partners LLC lifted its position in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the sale, the director directly owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 2,113,221 shares of company stock worth $506,386,034 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research analyst reports. Morgan Stanley decreased their price target on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Rothschild Redb raised T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Cowen reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Finally, Williams Trading set a $263.00 price objective on T-Mobile US in a research note on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $266.63.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $207.00 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a fifty-two week low of $199.41 and a fifty-two week high of $276.49. The firm has a 50-day simple moving average of $230.49 and a 200 day simple moving average of $237.20. The company has a market cap of $231.53 billion, a PE ratio of 19.90, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. The company had revenue of $21.96 billion during 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%.T-Mobile US’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.61 earnings per share. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is presently 39.23%.

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.