Signaturefd LLC Purchases 750 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Signaturefd LLC grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,283 shares of the Wireless communications provider’s stock after purchasing an additional 750 shares during the period. Signaturefd LLC’s holdings in T-Mobile US were worth $2,328,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in T-Mobile US by 17.5% during the third quarter. Sequoia Financial Advisors LLC now owns 14,255 shares of the Wireless communications provider’s stock worth $2,942,000 after purchasing an additional 2,127 shares during the last quarter. Argus Investors Counsel Inc. purchased a new position in shares of T-Mobile US in the third quarter worth about $227,000. Fortis Group Advisors LLC increased its holdings in shares of T-Mobile US by 28.2% in the third quarter. Fortis Group Advisors LLC now owns 3,514 shares of the Wireless communications provider’s stock worth $725,000 after buying an additional 773 shares during the period. Oakworth Capital Inc. increased its holdings in shares of T-Mobile US by 17.1% in the third quarter. Oakworth Capital Inc. now owns 608 shares of the Wireless communications provider’s stock worth $125,000 after buying an additional 89 shares during the period. Finally, Foundations Investment Advisors LLC increased its holdings in shares of T-Mobile US by 2.2% in the third quarter. Foundations Investment Advisors LLC now owns 4,117 shares of the Wireless communications provider’s stock worth $850,000 after buying an additional 90 shares during the period. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays lifted their price objective on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. TD Cowen lifted their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. Royal Bank of Canada boosted their price target on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Finally, Tigress Financial boosted their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. One research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $219.94.

Insider Transactions at T-Mobile US

In other news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock valued at $69,411,130 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

T-Mobile US stock opened at $219.01 on Wednesday. The stock’s 50 day simple moving average is $204.26 and its two-hundred day simple moving average is $184.18. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $256.65 billion, a price-to-earnings ratio of 29.80, a PEG ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a fifty-two week low of $136.92 and a fifty-two week high of $223.91.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the previous year, the firm posted $1.86 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts expect that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 47.89%.

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.