1,179 Shares in T-Mobile US, Inc. $TMUS Acquired by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC has acquired a new stake in T-Mobile US, purchasing 1,179 shares valued at approximately $284,000 during the second quarter.
• T-Mobile US reported earnings of $2.84 per share, exceeding estimates, with revenue increasing by 6.9% year-over-year to $21.13 billion.
• The company announced an increase in its quarterly dividend from $0.88 to $1.02 per share, marking a significant rise in its annual dividend yield.

NorthCrest Asset Manangement LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,179 shares of the Wireless communications provider's stock, valued at approximately $284,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in T-Mobile US by 15.6% during the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after acquiring an additional 41 shares during the period. Hohimer Wealth Management LLC lifted its holdings in shares of T-Mobile US by 2.3% during 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. Journey Strategic Wealth LLC boosted its position in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the period. Angeles Wealth Management LLC increased its holdings in T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock valued at $888,000 after purchasing an additional 41 shares in the last quarter. Finally, City Holding Co. lifted its stake in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $239.18, for a total value of $15,409,410.68. Following the completion of the transaction, the director owned 634,628,048 shares in the company, valued at $151,790,336,520.64. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 2,606,300 shares of company stock worth $627,710,011 over the last quarter. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TMUS shares. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target for the company. Royal Bank Of Canada boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, KeyCorp reissued an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Three equities 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus target price of $258.02.

T-Mobile US Stock Performance

TMUS stock traded down $0.62 on Monday, reaching $237.55. The company's stock had a trading volume of 4,684,330 shares, compared to its average volume of 3,938,651. The firm has a fifty day moving average of $243.89 and a two-hundred day moving average of $245.54. 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 capitalization of $267.35 billion, a P/E ratio of 22.41, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a 52 week low of $198.69 and a 52 week high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the previous year, the firm earned $2.49 EPS. T-Mobile US's revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid 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 yield of 1.7%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US's dividend payout ratio (DPR) is currently 33.21%.

About T-Mobile US

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.