BridgePort Financial Solutions LLC Purchases Shares of 1,718 T-Mobile US, Inc. $TMUS

Key Points

• BridgePort Financial Solutions LLC acquired 1,718 shares of T-Mobile US, Inc. valued at approximately $409,000 during the second quarter.
• T-Mobile US announced a quarterly dividend increase to $1.02, representing an annual yield of 1.8% and an increase from the previous dividend of $0.88.
• Insider transactions include a sale of 69,840 shares by Director Telekom Ag Deutsche, totaling over $16.6 million, with insiders having sold approximately 2.58 million shares in the last ninety days.

BridgePort Financial Solutions LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,718 shares of the Wireless communications provider's stock, valued at approximately $409,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Godsey & Gibb Inc. lifted its holdings in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares during the last quarter. Missouri Trust & Investment Co lifted its holdings in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 105 shares during the last quarter. Stone House Investment Management LLC purchased a new position in T-Mobile US in the first quarter worth about $29,000. Finally, TCTC Holdings LLC increased its stake in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director directly owned 647,660,844 shares of the company's stock, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 2,584,633 shares of company stock valued at $623,559,263 in the last ninety days. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $230.27 on Friday. The firm has a market cap of $259.15 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.27 and a beta of 0.59. T-Mobile US, Inc. has a 52-week low of $206.18 and a 52-week high of $276.49. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The company's 50 day moving average is $244.56 and its 200 day moving average is $243.99.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the business earned $2.49 earnings per share. T-Mobile US's revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. T-Mobile US's payout ratio is presently 33.21%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TMUS. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, September 30th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research note on Monday, July 7th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 target price for the company. Finally, Royal Bank Of Canada lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research note on Friday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, T-Mobile US currently has an average rating of "Moderate Buy" and an average price target of $262.50.

T-Mobile US Company 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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