Wedge Capital Management L L P NC Acquires 15,541 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Wedge Capital Management L L P NC increased its holdings in T-Mobile US by 30.6%, acquiring an additional 15,541 shares, bringing its total to 66,307 shares worth approximately $15.8 million.
• T-Mobile US has declared a quarterly dividend increase from $0.88 to $1.02 per share, demonstrating positive financial health and a commitment to returning value to shareholders.
• The company's latest quarterly earnings reported an EPS of $2.84, exceeding analysts' expectations and marking a 6.9% revenue increase year-over-year to $21.13 billion.

Wedge Capital Management L L P NC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 30.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 66,307 shares of the Wireless communications provider's stock after buying an additional 15,541 shares during the period. Wedge Capital Management L L P NC's holdings in T-Mobile US were worth $15,798,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Activest Wealth Management boosted its position in shares of T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Godsey & Gibb Inc. raised its position in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after acquiring an additional 60 shares in the last quarter. Stone House Investment Management LLC bought a new position in shares of T-Mobile US during the first quarter valued at $29,000. TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after acquiring an additional 77 shares during the last quarter. Finally, Adirondack Trust Co. increased its holdings in T-Mobile US by 366.7% in the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 0.3%

NASDAQ:TMUS opened at $238.17 on Friday. The firm has a market capitalization of $268.04 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.31 and a beta of 0.61. T-Mobile US, Inc. has a one year low of $197.46 and a one year high of $276.49. 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 business has a fifty day moving average price of $243.89 and a 200-day moving average price of $245.78.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data 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. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is a positive change from T-Mobile US's previous quarterly dividend of $0.88. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.7%. T-Mobile US's dividend payout ratio is currently 33.21%.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $237.65, for a total transaction of $15,310,838.90. Following the completion of the sale, the director owned 634,756,900 shares of the company's stock, valued at approximately $150,849,977,285. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 2,611,714 shares of company stock worth $628,056,504. 0.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on TMUS shares. KeyCorp restated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective on the stock in a report on Monday, July 7th. Royal Bank Of Canada upped their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. Finally, Morgan Stanley lifted their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.02.

T-Mobile US 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.

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