Stony Point Capital LLC Boosts Stock Position in T-Mobile US, Inc. $TMUS

Key Points

• Stony Point Capital LLC increased its stake in T-Mobile US by 17.4%, owning a total of 68,693 shares valued at approximately $18.32 million.
• Insider sales included Telekom Ag Deutsche selling 69,840 shares at an average price of $251.35, and overall, insiders sold 2,348,570 shares worth $557.8 million in the last three months.
• Several research analysts have updated their ratings on T-Mobile US, with the stock currently holding an average rating of "Moderate Buy" and a price target of $256.31.

Stony Point Capital LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,693 shares of the Wireless communications provider's stock after purchasing an additional 10,200 shares during the quarter. T-Mobile US makes up about 1.9% of Stony Point Capital LLC's investment portfolio, making the stock its 21st biggest position. Stony Point Capital LLC's holdings in T-Mobile US were worth $18,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Crestwood Advisors Group LLC boosted its stake in T-Mobile US by 79.5% in the 1st 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 during the last quarter. Advisor Resource Council purchased a new position in shares of T-Mobile US during the 1st quarter worth about $463,000. Main Street Research LLC boosted its position 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 acquiring an additional 1,788 shares during the last quarter. Sawgrass Asset Management LLC purchased a new stake in T-Mobile US in the first quarter valued at approximately $6,543,000. Finally, Parr Mcknight Wealth Management Group LLC acquired a new position in T-Mobile US during the fourth quarter worth approximately $1,935,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Up 0.6%

NASDAQ:TMUS traded up $1.43 during mid-day trading on Friday, hitting $251.99. The company had a trading volume of 3,203,054 shares, compared to its average volume of 3,931,088. The business has a fifty day simple moving average of $240.80 and a 200-day simple moving average of $247.85. The firm has a market capitalization of $283.59 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.38 and a beta of 0.61. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.49 earnings per share. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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 given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMUS. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Redburn Atlantic raised T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. 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. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the sale, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 2,418,410 shares of company stock valued at $575,342,737 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

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.