Ingalls & Snyder LLC Purchases 15,374 Shares of T-Mobile US, Inc. $TMUS

Ingalls & Snyder LLC lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 121,700 shares of the Wireless communications provider’s stock after acquiring an additional 15,374 shares during the period. T-Mobile US makes up 1.0% of Ingalls & Snyder LLC’s investment portfolio, making the stock its 19th biggest position. Ingalls & Snyder LLC’s holdings in T-Mobile US were worth $28,996,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Hohimer Wealth Management LLC lifted its holdings in shares of T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after acquiring an additional 41 shares during the last quarter. Journey Strategic Wealth LLC lifted its holdings in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after acquiring an additional 41 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in shares of T-Mobile US by 1.2% during the 1st 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 during the last quarter. Weaver Capital Management LLC lifted its stake 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 worth $1,605,000 after purchasing an additional 42 shares during the last quarter. Finally, Bank of Stockton lifted its stake in T-Mobile US by 1.2% in the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after purchasing an additional 44 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Down 1.0%

Shares of T-Mobile US stock opened at $217.77 on Friday. The company has a market cap of $245.08 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.59. The company’s 50 day moving average is $239.30 and its 200 day moving average is $240.62. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The company has a quick ratio of 1.13, 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 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $21.61 billion. During the same period in the prior year, the company earned $2.61 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced 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. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 33.85%.

Analyst Ratings Changes

Several research firms have weighed in on TMUS. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of T-Mobile US in a research note on Friday. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective on the stock. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Finally, Cowen restated a “buy” rating on shares of T-Mobile US in a research report on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $268.22.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of the company’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the completion of the sale, the director directly owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,389,677 shares of company stock worth $575,795,321 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

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.