Castle Rock Wealth Management LLC Invests $1.14 Million in T-Mobile US, Inc. $TMUS

Key Points

• Castle Rock Wealth Management LLC has invested approximately $1.14 million in T-Mobile US, acquiring 4,885 shares during the second quarter.
• The firm recently announced a quarterly dividend increase, now paying $1.02 per share, which represents a 1.8% yield.
• Wall Street maintains a Moderate Buy average rating for T-Mobile US, with an average target price of $264.29.

Castle Rock Wealth Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,885 shares of the Wireless communications provider's stock, valued at approximately $1,136,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. REAP Financial Group LLC boosted its holdings in shares of T-Mobile US by 189.7% during the 2nd quarter. REAP Financial Group LLC now owns 339 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 222 shares during the last quarter. BankPlus Trust Department boosted its holdings in shares of T-Mobile US by 2.0% during the 2nd quarter. BankPlus Trust Department now owns 4,876 shares of the Wireless communications provider's stock worth $1,162,000 after purchasing an additional 95 shares during the last quarter. SGL Investment Advisors Inc. boosted its holdings in shares of T-Mobile US by 11.7% during the 2nd quarter. SGL Investment Advisors Inc. now owns 4,344 shares of the Wireless communications provider's stock worth $1,025,000 after purchasing an additional 456 shares during the last quarter. Roundview Capital LLC purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $255,000. Finally, Tyche Wealth Partners LLC raised its position in shares of T-Mobile US by 6.4% during the 2nd quarter. Tyche Wealth Partners LLC now owns 3,599 shares of the Wireless communications provider's stock valued at $857,000 after buying an additional 215 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several analyst reports. Arete Research raised shares of T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of T-Mobile US in a research report on Saturday, September 27th. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Finally, Rothschild Redb raised T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $264.29.

T-Mobile US Stock Up 1.2%

T-Mobile US stock opened at $227.68 on Wednesday. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The stock's fifty day simple moving average is $244.07 and its 200-day simple moving average is $243.57. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $256.24 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.44 and a beta of 0.59.

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

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued 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 of this dividend is Wednesday, November 26th. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $238.61, for a total value of $16,664,522.40. Following the transaction, the director owned 646,613,244 shares of the company's stock, valued at $154,288,386,150.84. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 2,509,379 shares of company stock valued at $605,554,413 over the last 90 days. Corporate insiders own 0.37% of the company's stock.

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.

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