FCG Investment Co Acquires Shares of 5,938 T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• FCG Investment Co has recently acquired 5,938 shares of T-Mobile US, valued at approximately $1,584,000, representing around 1.0% of its holdings.
• T-Mobile's most recent earnings report showed an EPS of $2.84, exceeding estimates, with a revenue of $21.13 billion, marking a 6.9% year-over-year growth.
• The company announced a quarterly dividend of $0.88 per share, with a dividend yield of 1.4%, scheduled to be paid on September 11th.

FCG Investment Co purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,938 shares of the Wireless communications provider's stock, valued at approximately $1,584,000. T-Mobile US makes up about 1.0% of FCG Investment Co's holdings, making the stock its 29th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crestwood Advisors Group LLC lifted its holdings in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock worth $436,000 after buying an additional 724 shares in the last quarter. Burling Wealth Partners LLC purchased a new stake in shares of T-Mobile US in the fourth quarter worth about $2,539,000. Advisor Resource Council purchased a new stake in shares of T-Mobile US in the first quarter worth about $463,000. Main Street Research LLC lifted its holdings in shares of T-Mobile US by 1.0% in the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after buying an additional 1,788 shares in the last quarter. Finally, Sawgrass Asset Management LLC purchased a new stake in shares of T-Mobile US in the first quarter worth about $6,543,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 1.7%

Shares of NASDAQ TMUS opened at $254.63 on Friday. T-Mobile US, Inc. has a one year low of $192.61 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The firm's 50 day simple moving average is $235.58 and its two-hundred day simple moving average is $247.33. The stock has a market capitalization of $286.57 billion, a P/E ratio of 24.02, a PEG ratio of 1.39 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. 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 earnings per share. The business's revenue was up 6.9% on a year-over-year basis. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director owned 647,660,844 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders have sold a total of 1,974,370 shares of company stock valued at $462,526,830 in the last quarter. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TMUS shares. Morgan Stanley increased their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Bank of America assumed coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price on the stock. Rothschild & Co Redburn raised 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 research note on Monday, July 7th. Tigress Financial raised their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Finally, Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. One equities research 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 stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

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.

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