Rossby Financial LCC Purchases 152 Shares of T-Mobile US, Inc. $TMUS

Rossby Financial LCC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,865 shares of the Wireless communications provider’s stock after purchasing an additional 152 shares during the period. Rossby Financial LCC’s holdings in T-Mobile US were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcend Capital Advisors LLC bought a new position in shares of T-Mobile US in the 1st quarter worth $218,000. Sunbelt Securities Inc. raised its position in shares of T-Mobile US by 16.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,129 shares of the Wireless communications provider’s stock worth $301,000 after acquiring an additional 160 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of T-Mobile US by 68.3% in the 1st quarter. Golden State Wealth Management LLC now owns 345 shares of the Wireless communications provider’s stock worth $92,000 after acquiring an additional 140 shares in the last quarter. Convergence Financial LLC bought a new position in shares of T-Mobile US in the 1st quarter worth $276,000. Finally, Joel Isaacson & Co. LLC raised its position in shares of T-Mobile US by 5.1% in the 1st quarter. Joel Isaacson & Co. LLC now owns 1,133 shares of the Wireless communications provider’s stock worth $302,000 after acquiring an additional 55 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BNP Paribas Exane boosted their price target on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Barclays reduced their price target on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Friday. TD Cowen dropped their target price on T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Finally, Morgan Stanley dropped their target price on T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.22.

T-Mobile US Stock Up 1.3%

T-Mobile US stock opened at $220.68 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The business’s 50-day simple moving average is $238.61 and its two-hundred day simple moving average is $240.28. The company has a market cap of $248.36 billion, a PE ratio of 21.22, a PEG ratio of 1.48 and a beta of 0.59. T-Mobile US, Inc. has a fifty-two week low of $208.39 and a fifty-two week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.61 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company 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 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, November 26th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is presently 39.23%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the transaction, the director owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. The trade was a 0.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 2,343,114 shares of company stock valued at $564,035,506. Insiders own 0.37% of the company’s stock.

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.