Element Capital Management LLC Buys Shares of 10,390 T-Mobile US, Inc. $TMUS

Key Points

• Element Capital Management LLC has acquired a new stake in T-Mobile US, purchasing 10,390 shares valued at approximately $2.77 million.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, exceeding analysts' expectations, with a revenue of $21.13 billion.
• The company announced a quarterly dividend of $0.88, translating to an annualized yield of 1.4%, set to be paid on September 11th.

Element Capital Management LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,390 shares of the Wireless communications provider's stock, valued at approximately $2,771,000.

Other hedge funds have also recently bought and sold shares of the company. Ancora Advisors LLC boosted its holdings in T-Mobile US by 16.6% during the fourth quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock worth $57,000 after purchasing an additional 37 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in T-Mobile US by 0.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of T-Mobile US by 15.6% during the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 41 shares during the last quarter. Hohimer Wealth Management LLC grew its holdings in shares of T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after acquiring an additional 41 shares in the last quarter. Finally, Journey Strategic Wealth LLC grew its holdings in shares of T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock valued at $273,000 after acquiring an additional 41 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TMUS. Tigress Financial upped their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Morgan Stanley raised their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price on the stock in a report on Monday, July 7th. Finally, Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the transaction, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the completion of the sale, the insider owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. The trade was a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,974,370 shares of company stock valued at $462,526,830 in the last quarter. Corporate insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $0.55 during trading hours on Monday, reaching $255.18. 3,308,715 shares of the stock were exchanged, compared to its average volume of 4,329,075. The firm has a market capitalization of $287.18 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.39 and a beta of 0.62. The stock's fifty day simple moving average is $235.58 and its 200 day simple moving average is $247.42. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 52 week low of $192.61 and a 52 week high of $276.49.

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 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 firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same quarter last year, the business earned $2.49 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.4%. T-Mobile US's payout ratio is 33.21%.

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.