Townsquare Capital LLC Has $3.84 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Townsquare Capital LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,622 shares of the Wireless communications provider’s stock after purchasing an additional 2,697 shares during the quarter. Townsquare Capital LLC’s holdings in T-Mobile US were worth $3,843,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group increased its holdings in shares of T-Mobile US by 2.6% in the third quarter. Brooklyn Investment Group now owns 5,147 shares of the Wireless communications provider’s stock worth $1,062,000 after acquiring an additional 129 shares in the last quarter. FMR LLC increased its stake in T-Mobile US by 13.4% during the 3rd quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in T-Mobile US by 1.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 730,061 shares of the Wireless communications provider’s stock worth $150,655,000 after buying an additional 6,885 shares during the period. Bank of Montreal Can lifted its stake in T-Mobile US by 5.6% in the third quarter. Bank of Montreal Can now owns 1,069,371 shares of the Wireless communications provider’s stock valued at $219,414,000 after buying an additional 56,493 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of T-Mobile US by 64.1% in the third quarter. Brown Brothers Harriman & Co. now owns 6,315 shares of the Wireless communications provider’s stock valued at $1,303,000 after buying an additional 2,467 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. TD Cowen increased their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Morgan Stanley boosted their target price on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Trading Up 0.3 %

TMUS stock opened at $246.94 on Friday. T-Mobile US, Inc. has a one year low of $148.19 and a one year high of $248.15. The stock has a market cap of $286.57 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. The company has a fifty day moving average price of $223.98 and a two-hundred day moving average price of $197.76. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the company posted $1.82 EPS. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at $13,380,222.46. This represents a 40.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,750 shares of company stock worth $72,863,634. Company insiders own 0.67% of the company’s stock.

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.