Calton & Associates Inc. Invests $69.55 Million in T-Mobile US, Inc. (NASDAQ:TMUS)

Calton & Associates Inc. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 260,751 shares of the Wireless communications provider's stock, valued at approximately $69,545,000. T-Mobile US accounts for about 8.4% of Calton & Associates Inc.'s holdings, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. Proficio Capital Partners LLC increased its holdings in shares of T-Mobile US by 42.5% during the fourth quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock valued at $635,000 after acquiring an additional 858 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at $2,207,000. Harbour Investments Inc. increased its holdings in shares of T-Mobile US by 10.3% during the fourth quarter. Harbour Investments Inc. now owns 1,009 shares of the Wireless communications provider's stock valued at $223,000 after acquiring an additional 94 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at $574,000. Finally, Douglass Winthrop Advisors LLC bought a new position in shares of T-Mobile US during the fourth quarter valued at $581,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Trading Up 0.1%

Shares of NASDAQ TMUS traded up $0.18 during trading hours on Friday, hitting $227.21. 3,773,586 shares of the company traded hands, compared to its average volume of 4,100,418. The stock has a market capitalization of $257.98 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The company's 50 day moving average price is $235.29 and its 200 day moving average price is $243.87. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. T-Mobile US's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.00 EPS. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America assumed coverage on T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. KeyCorp reiterated an "underweight" rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Wednesday, July 9th. 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 report on Monday, July 7th. Finally, Morgan Stanley lifted their price objective on T-Mobile US from $265.00 to $280.00 and gave the stock an "overweight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and a consensus target price of $255.12.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction dated 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 sale, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 1,116,990 shares of company stock worth $256,892,992. 0.37% of the stock is currently owned by corporate insiders.

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.