Choreo LLC Acquires 16,742 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Choreo LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1,082.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,288 shares of the Wireless communications provider’s stock after purchasing an additional 16,742 shares during the quarter. Choreo LLC’s holdings in T-Mobile US were worth $3,272,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Compton Wealth Advisory Group LLC lifted its stake in T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares during the last quarter. Anfield Capital Management LLC lifted its stake in shares of T-Mobile US by 18.7% in the 2nd quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of T-Mobile US by 22.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 58 shares in the last quarter. Proficio Capital Partners LLC grew its position in T-Mobile US by 2.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares during the last quarter. Finally, Westside Investment Management Inc. increased its holdings in T-Mobile US by 39.7% in the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock worth $43,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $198.63.

T-Mobile US Price Performance

TMUS stock opened at $195.30 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company’s 50-day moving average is $188.47 and its 200-day moving average is $174.31. The stock has a market capitalization of $227.87 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51. T-Mobile US, Inc. has a 1 year low of $135.82 and a 1 year high of $205.28.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts expect that T-Mobile US, Inc. will post 9.18 EPS 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 12th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Activity

In other news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the transaction, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 135,969 shares of T-Mobile US stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $175.59, for a total transaction of $23,874,796.71. Following the transaction, the director now owns 671,479,433 shares of the company’s stock, valued at approximately $117,905,073,640.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The disclosure for this sale can be found here. Insiders sold 1,109,346 shares of company stock worth $198,743,322 over the last three months. 0.67% of the stock is currently owned by insiders.

About T-Mobile US

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.