CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $4.53 Million Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• CUSHING ASSET MANAGEMENT LP increased its stake in T-Mobile US, acquiring an additional 5,000 shares, raising its total holdings by 35.7%, now valued at $4,527,000.
• Recent insider activity saw Director Telekom Ag Deutsche sell 69,840 shares, amounting to over $16 million, reflecting a slight decrease in his holdings.
• T-Mobile US announced a quarterly dividend of $1.02, up from previous dividends, with a planned payment date of December 11th.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 35.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the Wireless communications provider's stock after purchasing an additional 5,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in T-Mobile US were worth $4,527,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after acquiring an additional 3,043,173 shares during the last quarter. Nuveen LLC bought a new stake in T-Mobile US during the first quarter valued at about $618,248,000. Assenagon Asset Management S.A. raised its stake in T-Mobile US by 518.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider's stock valued at $329,733,000 after buying an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in T-Mobile US by 14.3% in the first quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider's stock valued at $1,837,399,000 after buying an additional 864,030 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of T-Mobile US by 25.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider's stock worth $1,112,886,000 after purchasing an additional 844,932 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. 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, July 7th. The Goldman Sachs Group assumed coverage on T-Mobile US in a research note on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target on the stock. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday, July 7th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Morgan Stanley lifted their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Trading Down 0.3%

Shares of TMUS stock traded down $0.62 during mid-day trading on Monday, hitting $237.55. 4,684,330 shares of the company's stock were exchanged, compared to its average volume of 3,938,651. T-Mobile US, Inc. has a fifty-two week low of $198.69 and a fifty-two week high of $276.49. The stock has a market cap of $267.35 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.31 and a beta of 0.61. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $244.07 and a two-hundred day simple moving average of $245.35.

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 EPS for the quarter, beating the consensus estimate 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 company had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period last year, the company posted $2.49 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. T-Mobile US's payout ratio is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. 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 the SEC website. Insiders have sold 2,606,300 shares of company stock valued at $627,710,011 over the last 90 days. Corporate 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.