Crewe Advisors LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Crewe Advisors LLC purchased a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 715 shares of the Wireless communications provider’s stock, valued at approximately $117,000.

Several other hedge funds have also added to or reduced their stakes in TMUS. Sei Investments Co. lifted its stake in shares of T-Mobile US by 3.1% in the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after purchasing an additional 5,552 shares during the period. GSA Capital Partners LLP bought a new position in T-Mobile US during the first quarter worth about $1,908,000. Pacer Advisors Inc. grew its position in shares of T-Mobile US by 31.4% during the 4th quarter. Pacer Advisors Inc. now owns 107,660 shares of the Wireless communications provider’s stock worth $17,261,000 after buying an additional 25,700 shares during the period. Caprock Group LLC increased its stake in shares of T-Mobile US by 105.8% in the 4th quarter. Caprock Group LLC now owns 23,063 shares of the Wireless communications provider’s stock valued at $3,698,000 after acquiring an additional 11,854 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of T-Mobile US by 41.9% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock valued at $2,595,000 after acquiring an additional 4,777 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TMUS. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 29th. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and set a $190.00 target price on shares of T-Mobile US in a research note on Wednesday, April 3rd. Citigroup lifted their price target on shares of T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $194.07.

T-Mobile US Stock Performance

T-Mobile US stock traded down $1.75 during mid-day trading on Thursday, hitting $175.14. 4,166,040 shares of the company’s stock traded hands, compared to its average volume of 4,752,457. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $185.42. The stock has a market cap of $205.24 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 0.72 and a beta of 0.51. The firm has a 50 day simple moving average of $175.87 and a two-hundred day simple moving average of $167.26. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business posted $1.58 earnings per share. On average, research analysts expect that T-Mobile US, Inc. will post 8.99 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is 35.37%.

Insiders Place Their Bets

In related news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the sale, the chief accounting officer now owns 6,202 shares of the company’s stock, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total transaction of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold 4,768,468 shares of company stock worth $808,635,881 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

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.