Solstein Capital LLC Has $592,000 Stock Position in T-Mobile US, Inc. $TMUS

Solstein Capital LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,485 shares of the Wireless communications provider’s stock after acquiring an additional 164 shares during the period. Solstein Capital LLC’s holdings in T-Mobile US were worth $592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TMUS. Nuveen LLC acquired a new stake in shares of T-Mobile US in the first quarter worth $618,248,000. Assenagon Asset Management S.A. boosted its stake in T-Mobile US by 518.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock worth $329,733,000 after buying an additional 1,160,275 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in 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 buying an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in T-Mobile US by 25.4% during the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock worth $1,112,886,000 after buying an additional 844,932 shares in the last quarter. Finally, Amundi boosted its stake in T-Mobile US by 34.4% during the first quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock worth $851,066,000 after buying an additional 813,331 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Down 1.0%

Shares of NASDAQ TMUS opened at $217.77 on Monday. The stock has a market cap of $243.58 billion, a PE ratio of 20.94, a PEG ratio of 1.48 and a beta of 0.59. The business has a fifty day moving average of $239.30 and a two-hundred day moving average of $240.52. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating 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 company had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same period last year, the business earned $2.61 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal 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 is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is presently 33.85%.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director directly owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 2,319,837 shares of company stock valued at $559,130,799 over the last three months. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TMUS. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a research note on Friday. Redburn Atlantic upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Barclays decreased their price target on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday. Arete Research upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Three investment 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $268.22.

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.