Counterpoint Mutual Funds LLC Purchases New Holdings in T-Mobile US, Inc. $TMUS

Counterpoint Mutual Funds LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,160 shares of the Wireless communications provider’s stock, valued at approximately $1,944,000.

Several other hedge funds also recently added to or reduced their stakes in TMUS. Two Sigma Advisers LP grew its holdings in T-Mobile US by 1,573.1% during the 4th quarter. Two Sigma Advisers LP now owns 18,421 shares of the Wireless communications provider’s stock valued at $4,066,000 after purchasing an additional 17,320 shares during the last quarter. Woodline Partners LP bought a new position in T-Mobile US during the 4th quarter valued at about $973,000. Waverly Advisors LLC bought a new position in T-Mobile US during the 4th quarter valued at about $257,000. Sunbelt Securities Inc. grew its holdings in T-Mobile US by 19.3% during the 4th quarter. Sunbelt Securities Inc. now owns 969 shares of the Wireless communications provider’s stock valued at $214,000 after purchasing an additional 157 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in T-Mobile US by 12.7% during the 4th quarter. Toronto Dominion Bank now owns 306,092 shares of the Wireless communications provider’s stock valued at $67,563,000 after purchasing an additional 34,508 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.3%

NASDAQ:TMUS opened at $237.55 on Tuesday. T-Mobile US, Inc. has a 52 week low of $198.69 and a 52 week high of $276.49. The firm has a 50 day moving average of $244.07 and a 200 day moving average of $245.35. 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 stock has a market capitalization of $267.35 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.31 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS 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 company had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same quarter in the prior year, the company posted $2.49 earnings per share. T-Mobile US’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 2,606,300 shares of company stock worth $627,710,011. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TMUS shares. KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Morgan Stanley boosted their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Finally, The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price objective for the company. 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 issued a Sell rating to the company. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $258.02.

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.