Titan Global Capital Management USA LLC Has $16.63 Million Stock Holdings in T-Mobile US, Inc. $TMUS

Titan Global Capital Management USA LLC trimmed its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,794 shares of the Wireless communications provider’s stock after selling 4,631 shares during the period. T-Mobile US makes up about 2.6% of Titan Global Capital Management USA LLC’s holdings, making the stock its 17th biggest position. Titan Global Capital Management USA LLC’s holdings in T-Mobile US were worth $16,629,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TMUS. Activest Wealth Management grew its position in T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the 1st quarter valued at $29,000. TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 77 shares during the period. Missouri Trust & Investment Co grew its holdings in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares in the last quarter. Finally, Aspect Partners LLC increased its stake in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Scotiabank lifted their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Wolfe Research cut their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Tuesday, September 30th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 price target for the company in a research note on Friday, October 24th. Barclays dropped their price objective on T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. Finally, Zacks Research cut shares of T-Mobile US from a “hold” rating to a “strong sell” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.63.

T-Mobile US Stock Up 3.0%

TMUS stock opened at $207.00 on Friday. T-Mobile US, Inc. has a 52-week low of $199.41 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The stock has a market capitalization of $231.53 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57. The company has a 50-day moving average of $230.49 and a two-hundred day moving average of $237.20.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the firm posted $2.61 EPS. The company’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 2,113,221 shares of company stock valued at $506,386,034 in the last three months. 0.37% of the stock is currently owned by company 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.