Acorn Creek Capital LLC Sells 110 Shares of T-Mobile US, Inc. $TMUS

Acorn Creek Capital LLC decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 9.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 997 shares of the Wireless communications provider’s stock after selling 110 shares during the period. Acorn Creek Capital LLC’s holdings in T-Mobile US were worth $238,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its position in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 94 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC lifted its position in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares in the last quarter. Missouri Trust & Investment Co lifted its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of T-Mobile US in the first quarter worth about $47,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 1.1%

Shares of TMUS stock opened at $228.79 on Friday. T-Mobile US, Inc. has a 1 year low of $208.39 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. The stock’s 50 day simple moving average is $243.36 and its two-hundred day simple moving average is $242.89. The company has a market cap of $257.48 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.56 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.8%. T-Mobile US’s dividend payout ratio (DPR) is currently 33.21%.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $226.17, for a total value of $14,571,228.42. Following the sale, the director directly owned 628,039,751 shares in the company, valued at approximately $142,043,750,483.67. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 2,499,001 shares of company stock valued at $602,845,239 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TMUS shares. KeyCorp reiterated an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Wednesday, July 9th. Wolfe Research decreased their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 30th. Moffett Nathanson boosted their target price on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $265.13.

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.