Ground Swell Capital LLC Takes $636,000 Position in T-Mobile US, Inc. $TMUS

Key Points

• Ground Swell Capital LLC acquired a new stake in T-Mobile US, Inc., purchasing 2,669 shares valued at approximately $636,000, making it the fund's 8th largest holding.
• T-Mobile US recently declared an increase in its quarterly dividend from $0.88 to $1.02 per share, representing an annualized dividend of $4.08 and a yield of 1.8%.
• Brokerages have shown mixed ratings for T-Mobile US, with recent upgrades from firms like Morgan Stanley raising the price target to $285, contributing to a consensus rating of "Moderate Buy."

Ground Swell Capital 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 disclosure with the Securities and Exchange Commission. The fund bought 2,669 shares of the Wireless communications provider's stock, valued at approximately $636,000. T-Mobile US makes up about 1.0% of Ground Swell Capital LLC's investment portfolio, making the stock its 8th largest holding.

Several other hedge funds have also bought and sold shares of TMUS. Hohimer Wealth Management LLC grew its holdings in T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after purchasing an additional 41 shares during the period. Journey Strategic Wealth LLC lifted its stake in shares of T-Mobile US by 4.2% in the first quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after buying an additional 41 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after purchasing an additional 41 shares during the last quarter. Weaver Capital Management LLC boosted its stake in T-Mobile US by 0.6% during the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider's stock worth $1,605,000 after buying an additional 42 shares during the last quarter. Finally, City Holding Co. grew its holdings in T-Mobile US by 45.3% in the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TMUS. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research report on Monday, July 7th. Morgan Stanley boosted their target price on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Raymond James Financial upgraded shares of T-Mobile US to a "hold" rating in a report on Wednesday, October 1st. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Rothschild Redb raised T-Mobile US to a "hold" rating in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.29.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $224.60, for a total transaction of $14,470,079.60. Following the sale, the director owned 628,168,603 shares of the company's stock, valued at approximately $141,086,668,233.80. This 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 can be accessed through the SEC website. Insiders have sold a total of 2,504,415 shares of company stock worth $604,166,102 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.58 on Thursday. 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 company has a market cap of $255.00 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.46 and a beta of 0.59. The stock has a 50-day moving average of $243.77 and a two-hundred day moving average of $243.46. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly 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. The business had revenue of $21.13 billion for 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 business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.49 earnings per share. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS 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. 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. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's dividend payout ratio is currently 33.21%.

T-Mobile US 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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