Freestate Advisors LLC Acquires Shares of 2,775 T-Mobile US, Inc. $TMUS

Freestate Advisors LLC acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,775 shares of the Wireless communications provider's stock, valued at approximately $661,000. T-Mobile US makes up about 0.6% of Freestate Advisors LLC's portfolio, making the stock its 20th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management raised its holdings in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. raised its stake in T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares during the last quarter. Missouri Trust & Investment Co increased its stake in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after purchasing an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the 1st quarter worth $29,000. Finally, TCTC Holdings LLC increased its stake in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after purchasing an additional 77 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated 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 directly owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 2,531,046 shares of company stock valued at $610,601,198. Insiders own 0.37% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in 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 for the company in a report on Monday, July 7th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a "buy" rating and a $286.00 price target for the company. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Finally, Bank of America began coverage on 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. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Trading Down 0.2%

NASDAQ TMUS opened at $237.94 on Friday. The company has a market capitalization of $267.78 billion, a PE ratio of 22.45, a P/E/G ratio of 1.31 and a beta of 0.61. The company has a fifty day moving average of $244.76 and a 200 day moving average of $245.06. T-Mobile US, Inc. has a 1 year low of $201.82 and a 1 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.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.49 earnings per share. Research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

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

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