Lmcg Investments LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Lmcg Investments LLC bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 25,741 shares of the Wireless communications provider’s stock, valued at approximately $6,162,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after acquiring an additional 810 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of T-Mobile US during the second quarter worth approximately $284,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in T-Mobile US by 7.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock worth $49,014,000 after buying an additional 14,800 shares in the last quarter. Associated Banc Corp increased its position in T-Mobile US by 50.6% in the 2nd quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock valued at $6,172,000 after acquiring an additional 8,700 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its stake in T-Mobile US by 930.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after acquiring an additional 176,319 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $186.32 on Friday. The company has a 50-day moving average of $202.79 and a two-hundred day moving average of $224.26. The stock has a market cap of $208.40 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.02 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a one year low of $185.18 and a one year high of $276.49.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total transaction of $4,881,825.00. Following the completion of the sale, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This trade represents a 0.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 335,193 shares of company stock worth $74,665,129. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $250.00 to $260.00 in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $280.00 to $300.00 in a research report on Thursday, October 2nd. Daiwa Capital Markets dropped their price objective on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 28th. Scotiabank raised their target price on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research note on Monday, October 6th. Finally, Tigress Financial boosted their price target on shares of T-Mobile US from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $257.76.

T-Mobile US Company Profile

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.