Townsquare Capital LLC Purchases 2,697 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Townsquare Capital LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,622 shares of the Wireless communications provider’s stock after acquiring an additional 2,697 shares during the period. Townsquare Capital LLC’s holdings in T-Mobile US were worth $3,843,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. FMR LLC raised its stake in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after acquiring an additional 1,522,394 shares in the last quarter. Legal & General Group Plc lifted its stake in T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock valued at $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after buying an additional 184,059 shares in the last quarter. TD Asset Management Inc grew its stake in shares of T-Mobile US by 5.9% during the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock worth $404,269,000 after buying an additional 128,241 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after buying an additional 47,350 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 0.3 %

TMUS stock opened at $246.94 on Friday. The stock’s 50 day simple moving average is $223.98 and its 200 day simple moving average is $197.76. The company has a market cap of $286.57 billion, a P/E ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a fifty-two week low of $148.19 and a fifty-two week high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,750 shares of company stock valued at $72,863,634 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TMUS shares. Tigress Financial raised their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. KeyCorp lifted their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Barclays increased their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. TD Cowen lifted their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America increased their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $241.83.

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.