Longfellow Investment Management Co. LLC Takes Position in T-Mobile US, Inc. $TMUS

Longfellow Investment Management Co. LLC bought a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,472 shares of the Wireless communications provider’s stock, valued at approximately $1,421,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. JDM Financial Group LLC grew its stake in shares of T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Main Street Group LTD bought a new position in shares of T-Mobile US during the 1st quarter worth approximately $25,000. Swiss RE Ltd. bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $29,000. Turning Point Benefit Group Inc. boosted its stake in T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 153 shares in the last quarter. Finally, Sachetta LLC boosted its stake in T-Mobile US by 52.9% in the 1st quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Price Performance

T-Mobile US stock opened at $182.61 on Monday. The business’s fifty day moving average is $181.60 and its two-hundred day moving average is $194.27. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market cap of $195.88 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same period last year, the company posted $2.84 earnings per share. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of analyst reports. Weiss Ratings cut T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, June 15th. TD Cowen reduced their target price on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Morgan Stanley lowered their target price on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. Royal Bank Of Canada dropped their target price on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, July 20th. Finally, Sanford C. Bernstein reissued a “neutral” rating on shares of T-Mobile US in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.08.

Insiders Place Their Bets

In other T-Mobile US news, COO Jon Freier sold 4,799 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total value of $911,810.00. Following the completion of the transaction, the chief operating officer directly owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. The trade was a 2.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.