Vestor Capital LLC Buys 41,191 Shares of T-Mobile US, Inc. $TMUS

Vestor Capital LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 20,595.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 41,391 shares of the Wireless communications provider’s stock after purchasing an additional 41,191 shares during the period. Vestor Capital LLC’s holdings in T-Mobile US were worth $8,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Main Street Group LTD purchased a new position in shares of T-Mobile US during the 1st quarter valued at $25,000. JDM Financial Group LLC increased its holdings in 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 worth $25,000 after acquiring an additional 65 shares during the last quarter. Swiss RE Ltd. bought a new stake in T-Mobile US in the 4th quarter valued at about $29,000. Turning Point Benefit Group Inc. raised 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 acquiring an additional 153 shares during the period. Finally, Sachetta LLC lifted its holdings in T-Mobile US by 52.9% during the first quarter. Sachetta LLC now owns 159 shares of the Wireless communications provider’s stock valued at $33,000 after purchasing an additional 55 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Scotiabank dropped their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. Wells Fargo & Company cut their price objective on shares of T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating for the company in a report 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. Finally, TD Cowen dropped their target price on T-Mobile US from $261.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $252.08.

T-Mobile US Price Performance

TMUS stock opened at $173.34 on Friday. The firm has a 50 day moving average of $183.52 and a 200-day moving average of $195.06. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48. T-Mobile US, Inc. has a 12 month low of $165.66 and a 12 month high of $261.56. The firm has a market capitalization of $185.94 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.02 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same quarter in the prior year, the firm posted $2.84 EPS. T-Mobile US’s revenue was up 7.9% on a year-over-year basis. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 10.69 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 28th. T-Mobile US’s dividend payout ratio (DPR) is 42.72%.

Insider Activity

In related news, COO Jon Freier sold 4,799 shares of T-Mobile US stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the completion of the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.32% of the company’s stock.

T-Mobile US Company 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.