Longfellow Investment Management Co. LLC Invests $1.42 Million in T-Mobile US, Inc. $TMUS

Longfellow Investment Management Co. LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,472 shares of the Wireless communications provider’s stock, valued at approximately $1,421,000.

Several other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. lifted its position in T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock valued at $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC lifted its holdings in T-Mobile US by 315.7% in the second quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC bought a new position in T-Mobile US in the second quarter valued at approximately $375,000. Raymond James Financial Inc. grew its holdings in T-Mobile US by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after acquiring an additional 9,568 shares during the period. Finally, Viking Global Investors LP lifted its stake in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock opened at $182.61 on Monday. The business’s 50-day moving average price is $181.60 and its two-hundred day moving average price is $194.27. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. The firm has a market cap of $195.88 billion, a PE ratio of 19.12, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.84 earnings per share. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be paid a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is presently 42.72%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer directly owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of analyst reports. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, May 6th. Scotiabank reduced their target price on T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 15th. Royal Bank Of Canada decreased their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Finally, KeyCorp cut their price target on shares of T-Mobile US from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $252.08.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.