Park Place Capital Corp Has $830,000 Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Park Place Capital Corp reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,711 shares of the Wireless communications provider’s stock after selling 824 shares during the period. Park Place Capital Corp’s holdings in T-Mobile US were worth $830,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in shares of T-Mobile US by 52.6% during the 4th quarter. Venturi Wealth Management LLC now owns 290 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 100 shares during the last quarter. Trust Point Inc. bought a new position in T-Mobile US in the fourth quarter valued at approximately $1,112,000. Richard W. Paul & Associates LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth approximately $153,000. Ballentine Partners LLC raised its stake in shares of T-Mobile US by 6.0% during the 4th quarter. Ballentine Partners LLC now owns 6,945 shares of the Wireless communications provider’s stock worth $1,113,000 after purchasing an additional 394 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $200,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Evercore ISI upgraded shares of T-Mobile US to a “hold” rating in a report on Thursday. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday. Citigroup boosted their price target on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. KeyCorp upped their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, The Goldman Sachs Group started coverage on T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 target price for the company. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $196.75.

Insider Activity

In related news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $172.65, for a total value of $39,295,830.60. Following the sale, the director now owns 673,251,489 shares of the company’s stock, valued at $116,236,869,575.85. The disclosure for this sale can be found here. In the last three months, insiders sold 4,019,788 shares of company stock worth $685,706,726. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS traded up $1.69 during mid-day trading on Friday, reaching $188.76. 7,922,756 shares of the company’s stock were exchanged, compared to its average volume of 4,072,309. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $193.77. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. The business’s fifty day simple moving average is $177.82 and its two-hundred day simple moving average is $168.07. The firm has a market capitalization of $220.24 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.86 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.05 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.38%. T-Mobile US’s dividend payout ratio is presently 35.37%.

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.