Waycross Partners LLC Buys 6,601 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Waycross Partners opened a T-Mobile position, acquiring 6,601 shares worth approximately $1.08 million in the third quarter. Hedge funds and other institutional investors own 42.49% of the stock.
• T-Mobile reported quarterly EPS of $3.22, beating estimates of $2.89, while revenue of $23.58 billion topped expectations and rose 7.4% year over year.
• The company raised its quarterly dividend from $1.02 to $1.17 per share. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $238.25.

Waycross Partners LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,601 shares of the Wireless communications provider's stock, valued at approximately $1,076,000.

Other large investors have also modified their holdings of the company. Main Street Group LTD acquired a new position in T-Mobile US during the first quarter worth $25,000. Paladin Partners LLC acquired a new stake in T-Mobile US in the 2nd quarter valued at about $25,000. Sachetta LLC lifted its holdings in shares of T-Mobile US by 52.9% in the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider's stock valued at $33,000 after purchasing an additional 55 shares in the last quarter. Dunhill Financial LLC purchased a new position in shares of T-Mobile US during the 2nd quarter worth approximately $27,000. Finally, Cornerstone Planning Group LLC lifted its stake in T-Mobile US by 112.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider's stock valued at $34,000 after buying an additional 92 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.9%

Shares of TMUS stock traded up $1.42 on Friday, reaching $162.01. 5,615,022 shares of the company's stock traded hands, compared to its average volume of 7,313,568. T-Mobile US, Inc. has a 12-month low of $143.75 and a 12-month high of $224.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.91. The company has a market capitalization of $171.61 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.93 and a beta of 0.40. The business's 50 day moving average price is $164.96 and its two-hundred day moving average price is $186.19.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.89 by $0.33. The business had revenue of $23.58 billion for the quarter, compared to the consensus estimate of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. T-Mobile US's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. On average, equities analysts forecast that T-Mobile US, Inc. will post 11.44 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $1.17 dividend. This is a boost from T-Mobile US's previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 annualized dividend and a yield of 2.9%. T-Mobile US's payout ratio is presently 39.38%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Citigroup reduced their target price on T-Mobile US from $225.00 to $165.00 and set a "neutral" rating on the stock in a research report on Thursday, October 29th. TD Cowen dropped their price target on T-Mobile US from $260.00 to $258.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Barclays reduced their price objective on T-Mobile US from $215.00 to $200.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 29th. Benchmark reduced their price target on shares of T-Mobile US from $295.00 to $280.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. Finally, The Goldman Sachs Group decreased their price objective on shares of T-Mobile US from $230.00 to $211.00 and set a "buy" rating for the company in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and an average price target of $238.25.

Insider Transactions at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the transaction, the chief accounting officer owned 35,118 shares of the company's stock, valued at $6,262,592.94. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by company insiders.

Key Headlines Impacting T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here's Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

About T-Mobile US

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.

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