T-Mobile US, Inc. $TMUS Shares Acquired by Summit X LLC

Summit X LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 92.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,094 shares of the Wireless communications provider’s stock after buying an additional 1,004 shares during the quarter. Summit X LLC’s holdings in T-Mobile US were worth $499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in TMUS. Hohimer Wealth Management LLC boosted its holdings in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock valued at $480,000 after purchasing an additional 41 shares in the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC raised its position in T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after acquiring an additional 41 shares in the last quarter. Weaver Capital Management LLC lifted its holdings in T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after acquiring an additional 42 shares during the period. Finally, Haven Private LLC boosted its position in shares of T-Mobile US by 1.3% during the 2nd quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after purchasing an additional 42 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Daiwa Capital Markets dropped their price target on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Barclays lowered their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Wolfe Research cut their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Tuesday, September 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $266.63.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of T-Mobile US stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 2,043,381 shares of company stock worth $489,095,047 over the last three months. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 3.0%

Shares of NASDAQ:TMUS opened at $207.00 on Monday. The company has a market capitalization of $231.53 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The company has a 50 day moving average of $230.49 and a two-hundred day moving average of $236.89. T-Mobile US, Inc. has a 52-week low of $199.41 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.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the firm earned $2.61 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 2.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

T-Mobile US 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.