T-Mobile US, Inc. $TMUS Shares Acquired by Howard Capital Management Inc.

Howard Capital Management Inc. grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 93.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 25,100 shares of the Wireless communications provider’s stock after buying an additional 12,101 shares during the period. Howard Capital Management Inc.’s holdings in T-Mobile US were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TMUS. NorthCrest Asset Manangement LLC purchased a new position in T-Mobile US in the 2nd quarter worth $284,000. Crestwood Advisors Group LLC raised its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after purchasing an additional 724 shares during the last quarter. Berkshire Bank raised its stake in shares of T-Mobile US by 12.5% in the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after purchasing an additional 1,400 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of T-Mobile US by 14.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after purchasing an additional 864,030 shares during the period. Finally, Nordea Investment Management AB boosted its position in T-Mobile US by 19.9% in the second quarter. Nordea Investment Management AB now owns 1,904,969 shares of the Wireless communications provider’s stock valued at $450,887,000 after buying an additional 315,644 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 856 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $220.03, for a total value of $188,345.68. Following the completion of the sale, the director directly owned 582,185,182 shares in the company, valued at $128,098,205,595.46. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 2,343,114 shares of company stock valued at $564,035,506 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TMUS. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $250.00 to $260.00 in a report on Thursday, October 16th. Moffett Nathanson increased their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a report on Friday. Scotiabank upped their price target on shares of T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Finally, Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $268.22.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $220.68 on Tuesday. The company has a market capitalization of $248.36 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.48 and a beta of 0.59. 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 company’s fifty day moving average price is $238.61 and its 200 day moving average price is $240.28. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share 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 company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the company earned $2.61 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 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.