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Callan Family Office LLC Purchases 20,658 Shares of T-Mobile US, Inc. $TMUS

T-Mobile US logo with Computer and Technology background

Key Points

  • Callan Family Office LLC significantly increased its stake in T-Mobile US, purchasing an additional 20,658 shares, bringing its total holdings to 31,500 shares, valued at $7.5 million.
  • T-Mobile US reported a quarterly earnings per share of $2.84, exceeding analysts' expectations, with revenue reaching $21.13 billion, a 6.9% increase from the same quarter last year.
  • The company has declared a quarterly dividend of $1.02 per share, increasing from the previous dividend of $0.88, reflecting its strong financial performance.
  • Five stocks we like better than T-Mobile US.

Callan Family Office LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 190.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,500 shares of the Wireless communications provider's stock after purchasing an additional 20,658 shares during the quarter. Callan Family Office LLC's holdings in T-Mobile US were worth $7,505,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Activest Wealth Management boosted its stake in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Missouri Trust & Investment Co lifted its stake in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC bought a new stake in T-Mobile US in the 1st quarter valued at $29,000. TCTC Holdings LLC increased its holdings in T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Tsfg LLC bought a new stake in T-Mobile US in the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.2%

NASDAQ:TMUS opened at $226.21 on Friday. The firm has a market capitalization of $254.58 billion, a P/E ratio of 21.34, a PEG ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49. The company's fifty day moving average price is $243.52 and its 200-day moving average price is $243.23. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company 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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis 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 of this dividend is Wednesday, November 26th. T-Mobile US's payout ratio is currently 38.49%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of T-Mobile US in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $264.29.

Read Our Latest Research Report on TMUS

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction on Monday, October 6th. The shares were sold at an average price of $224.60, for a total transaction of $14,470,079.60. Following the sale, the director directly owned 628,168,603 shares of the company's stock, valued at approximately $141,086,668,233.80. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 2,434,575 shares of company stock worth $588,274,010 over the last quarter. Corporate insiders own 0.37% of the company's stock.

About T-Mobile US

(Free Report)

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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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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