Townsquare Capital LLC Increases Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Townsquare Capital LLC increased its holdings in T-Mobile US, Inc. by 24.7% during the first quarter, owning a total of 26,811 shares valued at approximately $7.15 million.
• T-Mobile recently declared a quarterly dividend of $0.88 per share, with an annualized yield of 1.4%, payable on September 11th.
• In its latest earnings report, T-Mobile US exceeded analysts' expectations, reporting $2.84 earnings per share on revenues of $21.13 billion, a 6.9% increase compared to the prior year.

Townsquare Capital LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 24.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,811 shares of the Wireless communications provider's stock after purchasing an additional 5,316 shares during the period. Townsquare Capital LLC's holdings in T-Mobile US were worth $7,151,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Everett Harris & Co. CA purchased a new stake in T-Mobile US during the 1st quarter worth $233,000. Keystone Investors PTE Ltd. boosted its position in T-Mobile US by 78.6% during the 1st quarter. Keystone Investors PTE Ltd. now owns 2,097 shares of the Wireless communications provider's stock worth $559,000 after purchasing an additional 923 shares during the period. NS Partners Ltd boosted its position in T-Mobile US by 1.1% during the 1st quarter. NS Partners Ltd now owns 202,913 shares of the Wireless communications provider's stock worth $54,119,000 after purchasing an additional 2,293 shares during the period. Savvy Advisors Inc. boosted its position in T-Mobile US by 64.6% during the 1st quarter. Savvy Advisors Inc. now owns 5,559 shares of the Wireless communications provider's stock worth $1,483,000 after purchasing an additional 2,182 shares during the period. Finally, LaSalle St. Investment Advisors LLC boosted its position in T-Mobile US by 8.7% during the 1st quarter. LaSalle St. Investment Advisors LLC now owns 2,643 shares of the Wireless communications provider's stock worth $704,000 after purchasing an additional 212 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Callie R. Field sold 12,300 shares of T-Mobile US stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $240.80, for a total transaction of $2,961,840.00. Following the sale, the insider owned 110,891 shares of the company's stock, valued at approximately $26,702,552.80. The trade was a 9.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jon Freier sold 7,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,750,000.00. Following the transaction, the insider owned 199,643 shares in the company, valued at $49,910,750. This represents a 3.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,764,850 shares of company stock valued at $410,591,012. Insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $244.98 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The firm's 50-day moving average price is $234.84 and its two-hundred day moving average price is $246.33. T-Mobile US, Inc. has a 52-week low of $192.11 and a 52-week high of $276.49. The stock has a market capitalization of $275.71 billion, a P/E ratio of 23.11, a P/E/G ratio of 1.35 and a beta of 0.62.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued 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 33.21%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TMUS. Wall Street Zen cut shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Tigress Financial upped their price objective on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Royal Bank Of Canada upped their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. upped their price objective on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Finally, Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has a consensus rating of "Moderate Buy" and a consensus price target of $256.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.