AlphaCore Capital LLC Increases Stake in T-Mobile US, Inc. $TMUS

AlphaCore Capital LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 293.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,376 shares of the Wireless communications provider’s stock after purchasing an additional 17,442 shares during the quarter. AlphaCore Capital LLC’s holdings in T-Mobile US were worth $4,746,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. DNB Asset Management AS raised its position in T-Mobile US by 48.9% during the 4th quarter. DNB Asset Management AS now owns 1,065,238 shares of the Wireless communications provider’s stock worth $216,286,000 after buying an additional 350,036 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in T-Mobile US by 345.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 314,377 shares of the Wireless communications provider’s stock worth $63,831,000 after buying an additional 243,786 shares during the last quarter. Phoenix Financial Ltd. raised its position in T-Mobile US by 308.7% during the 4th quarter. Phoenix Financial Ltd. now owns 5,514 shares of the Wireless communications provider’s stock worth $1,119,000 after buying an additional 4,165 shares during the last quarter. WHI TRUST Co LLC purchased a new position in T-Mobile US during the 4th quarter worth approximately $41,000. Finally, AustralianSuper Pty Ltd raised its position in T-Mobile US by 31.8% during the 4th quarter. AustralianSuper Pty Ltd now owns 6,856 shares of the Wireless communications provider’s stock worth $1,392,000 after buying an additional 1,654 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In related news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total value of $517,923.02. Following the sale, the insider owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director directly owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 149,134 shares of company stock worth $32,163,349 in the last ninety days. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a report on Thursday, February 19th. TD Cowen lifted their target price on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Finally, Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 target price for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

Check Out Our Latest Stock Report on TMUS

T-Mobile US Price Performance

NASDAQ:TMUS opened at $185.22 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The firm has a market cap of $200.45 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.33. The company has a 50 day moving average price of $201.37 and a 200-day moving average price of $203.07. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. During the same quarter last year, the company earned $2.58 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

About T-Mobile US

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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