Cornerstone Advisors LLC Makes New $15.42 Million Investment in T-Mobile US, Inc. $TMUS

Key Points

• Cornerstone Advisors initiated a $15.42 million position in T-Mobile US during the second quarter by purchasing 91,942 shares. Institutional investors collectively own 42.49% of the company.
• Analysts maintain a generally positive view, with T-Mobile receiving a “Moderate Buy” consensus rating and an average price target of $252.08; recent targets ranged from $169 to $300.
• T-Mobile exceeded quarterly earnings expectations with $2.99 EPS versus a $2.59 consensus estimate, while revenue rose 7.9% year over year. The company also declared a quarterly dividend of $1.02, representing a 2.3% annualized yield.

Cornerstone Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 91,942 shares of the Wireless communications provider's stock, valued at approximately $15,421,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. CYBER HORNET ETFs LLC increased its stake in shares of T-Mobile US by 3.8% in the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider's stock worth $316,000 after acquiring an additional 48 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in T-Mobile US by 16.2% during the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider's stock worth $71,000 after acquiring an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC grew its holdings in T-Mobile US by 4.3% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider's stock worth $259,000 after purchasing an additional 52 shares during the period. Essex Financial Services Inc. increased its stake in shares of T-Mobile US by 3.5% during the first quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider's stock valued at $326,000 after purchasing an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC lifted its holdings in shares of T-Mobile US by 5.6% during the third quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider's stock valued at $239,000 after purchasing an additional 53 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer owned 217,168 shares of the company's stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.32% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TMUS shares. DZ Bank restated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of T-Mobile US in a research report on Wednesday, April 29th. Weiss Ratings cut shares of T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. Wells Fargo & Company cut their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Friday, July 24th. Finally, Arete Research raised their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $252.08.

T-Mobile US Stock Performance

Shares of TMUS opened at $180.12 on Tuesday. The company has a market cap of $193.21 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.03 and a beta of 0.33. The business's fifty day simple moving average is $181.63 and its two-hundred day simple moving average is $194.24. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analysts' expectations of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.84 earnings per share. Research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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