West Family Investments Inc. Buys 794 Shares of T-Mobile US, Inc. $TMUS

West Family Investments Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,163 shares of the Wireless communications provider’s stock after acquiring an additional 794 shares during the quarter. West Family Investments Inc.’s holdings in T-Mobile US were worth $1,468,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TMUS. F m Investments LLC purchased a new position in shares of T-Mobile US in the second quarter valued at $1,604,000. Norges Bank bought a new position in T-Mobile US during the second quarter valued at $1,477,780,000. Crake Asset Management LLP purchased a new position in shares of T-Mobile US in the 2nd quarter worth $160,945,000. Quadrature Capital Ltd bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $467,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of T-Mobile US by 5.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 244,498 shares of the Wireless communications provider’s stock worth $58,254,000 after buying an additional 12,865 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS stock opened at $209.23 on Friday. The stock has a 50 day moving average price of $220.29 and a 200 day moving average price of $233.30. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a market capitalization of $234.02 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.51 and a beta of 0.57.

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

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. 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. This represents a $4.08 annualized dividend and a yield of 2.0%. T-Mobile US’s dividend payout ratio is presently 39.23%.

Insider Activity at T-Mobile US

In other news, insider Michael J. Katz sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Srini Gopalan acquired 9,800 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were bought at an average price of $201.82 per share, for a total transaction of $1,977,836.00. Following the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at approximately $18,215,869.56. This represents a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders sold 1,579,501 shares of company stock worth $369,601,580. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on TMUS shares. TD Cowen lowered their price target on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a report on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $266.83.

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.