III Capital Management Invests $4.06 Million in T-Mobile US, Inc. $TMUS

Key Points

• III Capital Management opened a new position in T-Mobile US, buying 20,000 shares valued at about $4.06 million. The stake makes TMUS the fund’s 18th-largest holding.
• Other institutional investors have also been active in TMUS, including large increases from firms like Price T Rowe, Wellington Management, and Dodge & Cox. Institutional investors and hedge funds now own 42.49% of the stock.
• T-Mobile reported better-than-expected quarterly results, with EPS of $2.27 versus $2.01 expected and revenue of $23.11 billion. The company also announced a quarterly dividend of $1.02 per share, implying a 2.3% yield.

III Capital Management acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,000 shares of the Wireless communications provider's stock, valued at approximately $4,061,000. T-Mobile US accounts for approximately 0.6% of III Capital Management's holdings, making the stock its 18th biggest holding.

Several other large investors also recently modified their holdings of TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,335,918,000. Price T Rowe Associates Inc. MD boosted its stake in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider's stock worth $5,643,511,000 after acquiring an additional 6,516,968 shares in the last quarter. Wellington Management Group LLP boosted its stake in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider's stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares in the last quarter. Dodge & Cox boosted its stake in T-Mobile US by 65.2% during the fourth quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider's stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares in the last quarter. Finally, Viking Global Investors LP boosted its stake in T-Mobile US by 81.7% during the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider's stock worth $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TMUS shares. Wall Street Zen raised shares of T-Mobile US from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. Citigroup boosted their target price on T-Mobile US from $220.00 to $225.00 and gave the company a "neutral" rating in a research report on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, April 30th. Sanford C. Bernstein reaffirmed a "neutral" rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Finally, Oppenheimer raised T-Mobile US from a "market perform" rating to an "outperform" rating and set a $260.00 target price for the company in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $260.48.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares in the company, valued at $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida acquired 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The shares were acquired at an average price of $196.18 per share, with a total value of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares of the company's stock, valued at approximately $8,798,673. The trade was a 12.82% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.32% of the company's stock.

T-Mobile US Stock Down 1.7%

Shares of NASDAQ TMUS opened at $181.31 on Thursday. The stock has a market capitalization of $196.21 billion, a P/E ratio of 19.29, a P/E/G ratio of 1.07 and a beta of 0.31. The company has a 50-day moving average price of $190.06 and a 200-day moving average price of $199.18. T-Mobile US, Inc. has a 1 year low of $174.02 and a 1 year high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analysts' expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business's revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $2.58 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US's dividend payout ratio (DPR) is currently 43.40%.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.

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