Brookstone Capital Management Has $3.01 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Brookstone Capital Management raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 462.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,269 shares of the Wireless communications provider's stock after buying an additional 9,264 shares during the quarter. Brookstone Capital Management's holdings in T-Mobile US were worth $3,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC lifted its stake in T-Mobile US by 19.1% in the first quarter. Catalyst Capital Advisors LLC now owns 1,946 shares of the Wireless communications provider's stock valued at $519,000 after buying an additional 312 shares during the period. Global Wealth Management Investment Advisory Inc. grew its position in shares of T-Mobile US by 2.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 8,304 shares of the Wireless communications provider's stock valued at $2,215,000 after purchasing an additional 161 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of T-Mobile US in the 1st quarter valued at approximately $668,000. IFM Investors Pty Ltd grew its position in shares of T-Mobile US by 9.4% in the 1st quarter. IFM Investors Pty Ltd now owns 107,621 shares of the Wireless communications provider's stock valued at $28,704,000 after purchasing an additional 9,265 shares during the period. Finally, GF Fund Management CO. LTD. grew its position in shares of T-Mobile US by 8.0% in the 1st quarter. GF Fund Management CO. LTD. now owns 237,737 shares of the Wireless communications provider's stock valued at $63,407,000 after purchasing an additional 17,706 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday. Redburn Atlantic upgraded T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Bank of America initiated coverage on T-Mobile US in a research report on Monday. They issued a "neutral" rating and a $255.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Fourteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $254.98.

T-Mobile US Stock Down 0.7%

TMUS stock traded down $1.66 during mid-day trading on Tuesday, reaching $235.97. The company had a trading volume of 3,020,835 shares, compared to its average volume of 4,097,314. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.16 and a quick ratio of 1.08. The stock has a 50 day simple moving average of $238.65 and a two-hundred day simple moving average of $243.59. The company has a market capitalization of $267.93 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 1.10 and a beta of 0.62. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. During the same period in the previous year, the company posted $2.00 EPS. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. T-Mobile US's dividend payout ratio is currently 34.34%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 698,400 shares of company stock worth $161,083,166. Insiders own 0.37% of the company's stock.

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.