Corton Capital Inc. Makes New Investment in T-Mobile US, Inc. $TMUS

Corton Capital Inc. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,489 shares of the Wireless communications provider’s stock, valued at approximately $355,000.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. Nuveen LLC bought a new stake in T-Mobile US during the 1st quarter worth approximately $618,248,000. Assenagon Asset Management S.A. boosted its stake in shares of T-Mobile US by 518.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,383,922 shares of the Wireless communications provider’s stock valued at $329,733,000 after purchasing an additional 1,160,275 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock valued at $1,837,399,000 after purchasing an additional 864,030 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after purchasing an additional 844,932 shares during the last quarter. Finally, Amundi boosted its stake in shares of T-Mobile US by 34.4% in the 1st quarter. Amundi now owns 3,176,925 shares of the Wireless communications provider’s stock valued at $851,066,000 after purchasing an additional 813,331 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Arete Research raised shares of T-Mobile US to a “strong-buy” rating in a research note on Tuesday, July 8th. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 target price on the stock. TD Cowen cut their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Barclays cut their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Finally, Scotiabank increased their target price on shares of T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Stock Performance

TMUS opened at $210.05 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. The company’s fifty day moving average price is $235.18 and its two-hundred day moving average price is $238.82. T-Mobile US, Inc. has a 1-year low of $207.64 and a 1-year high of $276.49. The company has a market cap of $234.94 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.51 and a beta of 0.59.

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

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 39.23%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares in the company, valued at $128,322,242,802.50. This represents a 0.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 2,252,901 shares of company stock valued at $540,251,450 in the last three months. Corporate insiders own 0.37% of the company’s stock.

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.