Act Two Investors LLC Makes New $25.34 Million Investment in T-Mobile US, Inc. $TMUS

Act Two Investors LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 151,082 shares of the Wireless communications provider's stock, valued at approximately $25,341,000. T-Mobile US comprises approximately 5.1% of Act Two Investors LLC's holdings, making the stock its 6th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. JDM Financial Group LLC raised its position in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Main Street Group LTD bought a new stake in T-Mobile US in the first quarter worth approximately $25,000. Paladin Partners LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth $25,000. Dunhill Financial LLC acquired a new position in shares of T-Mobile US during the 2nd quarter worth $27,000. Finally, Swiss RE Ltd. bought a new position in shares of T-Mobile US during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TMUS. Bank of America raised shares of T-Mobile US from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research note on Monday, July 6th. Benchmark cut their target price on T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a report on Friday, July 24th. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a report on Wednesday, May 6th. Barclays cut their price objective on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Finally, Sanford C. Bernstein restated a "neutral" rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.08.

Insider Transactions at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is owned by company insiders.

T-Mobile US Stock Up 1.5%

T-Mobile US stock opened at $182.75 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The firm has a fifty day moving average price of $181.70 and a two-hundred day moving average price of $194.22. The firm has a market cap of $196.03 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 1.03 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. The company had revenue of $22.79 billion for 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 firm's revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.84 earnings per share. As a group, 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. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US's dividend payout ratio is presently 42.72%.

T-Mobile US Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source