Dorsey Wright & Associates Makes New Investment in T-Mobile US, Inc. $TMUS

Dorsey Wright & Associates acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,997 shares of the Wireless communications provider’s stock, valued at approximately $1,667,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Diversify Advisory Services LLC purchased a new position in T-Mobile US in the first quarter worth $292,000. Gallacher Capital Management LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth $203,000. Crestwood Advisors Group LLC boosted its holdings in shares of T-Mobile US by 79.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock worth $436,000 after buying an additional 724 shares during the last quarter. Ignite Planners LLC grew its position in T-Mobile US by 18.7% during the first quarter. Ignite Planners LLC now owns 2,451 shares of the Wireless communications provider’s stock valued at $605,000 after buying an additional 386 shares during the period. Finally, PFG Advisors grew its position in T-Mobile US by 5.0% during the first quarter. PFG Advisors now owns 1,708 shares of the Wireless communications provider’s stock valued at $456,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.3%

T-Mobile US stock opened at $213.08 on Wednesday. The firm has a 50 day simple moving average of $225.27 and a 200 day simple moving average of $235.30. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-year high of $276.49. The firm has a market capitalization of $238.33 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the company earned $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction that occurred 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 sale, the director directly owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Srini Gopalan purchased 9,800 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the acquisition, the chief executive officer owned 90,258 shares in the company, valued at approximately $18,215,869.56. This trade 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 three months, insiders sold 1,808,861 shares of company stock worth $429,205,289. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TMUS. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a research report on Friday, October 24th. Benchmark lifted their price target on shares of T-Mobile US from $275.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company raised T-Mobile US from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $250.00 to $260.00 in a report on Thursday, October 16th. The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price for the company. Finally, Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.83.

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.