5,432 Shares in T-Mobile US, Inc. $TMUS Bought by R Squared Ltd

Key Points

• R Squared Ltd acquired 5,432 shares of T-Mobile US, Inc. valued at approximately $1,294,000, making it the firm's 24th largest position.
• Wall Street analysts have varied opinions on T-Mobile US, with some adjusting their price targets ranging from $210 to $300 and ratings from "Strong Buy" to "Sell."
• T-Mobile US recently announced an increase in its quarterly dividend to $1.02, up from $0.88, representing a 1.9% yield for shareholders.

R Squared Ltd acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 5,432 shares of the Wireless communications provider's stock, valued at approximately $1,294,000. T-Mobile US makes up about 0.7% of R Squared Ltd's holdings, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC lifted its holdings in T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares in the last quarter. Journey Strategic Wealth LLC raised its position in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after purchasing an additional 41 shares during the period. Angeles Wealth Management LLC increased its stake in T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after buying an additional 41 shares in the last quarter. Weaver Capital Management LLC increased its stake in T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock worth $1,605,000 after buying an additional 42 shares in the last quarter. Finally, Bank of Stockton raised its holdings in T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider's stock valued at $906,000 after acquiring an additional 44 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on T-Mobile US from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 30th. Wolfe Research dropped their price target on T-Mobile US from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Moffett Nathanson lifted their price objective on shares of T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research report on Thursday, October 2nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $268.71.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director directly owned 636,271,724 shares of the company's stock, valued at approximately $159,621,487,399.88. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 2,389,677 shares of company stock valued at $575,795,321. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $219.99 on Friday. The business's 50 day moving average price is $240.04 and its 200-day moving average price is $240.85. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49. The company has a market cap of $247.58 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.56 and a beta of 0.59. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.61 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. T-Mobile US's dividend payout ratio is presently 33.21%.

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.

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