Motley Fool Asset Management LLC Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Motley Fool Asset Management LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,965 shares of the Wireless communications provider’s stock after buying an additional 1,306 shares during the period. Motley Fool Asset Management LLC’s holdings in T-Mobile US were worth $9,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IHT Wealth Management LLC increased its stake in shares of T-Mobile US by 28.1% in the third quarter. IHT Wealth Management LLC now owns 2,812 shares of the Wireless communications provider’s stock worth $580,000 after purchasing an additional 616 shares in the last quarter. Ingalls & Snyder LLC increased its stake in shares of T-Mobile US by 1.1% in the third quarter. Ingalls & Snyder LLC now owns 109,210 shares of the Wireless communications provider’s stock worth $22,537,000 after purchasing an additional 1,220 shares in the last quarter. Investment Management Corp of Ontario increased its stake in shares of T-Mobile US by 261.8% in the third quarter. Investment Management Corp of Ontario now owns 42,848 shares of the Wireless communications provider’s stock worth $8,842,000 after purchasing an additional 31,004 shares in the last quarter. Ionic Capital Management LLC purchased a new stake in shares of T-Mobile US in the third quarter worth $557,000. Finally, Hilltop Holdings Inc. increased its stake in shares of T-Mobile US by 36.1% in the third quarter. Hilltop Holdings Inc. now owns 4,209 shares of the Wireless communications provider’s stock worth $868,000 after purchasing an additional 1,117 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS stock opened at $244.85 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $151.38 and a fifty-two week high of $248.15. The firm has a market capitalization of $284.15 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 1.25 and a beta of 0.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The stock’s 50-day simple moving average is $225.69 and its 200-day simple moving average is $199.40.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly 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 business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 1.44%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is 40.14%.

Analysts Set New Price Targets

TMUS has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Benchmark increased their price objective on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America increased their price objective 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. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Finally, Barclays raised their price target on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $244.33.

Insider Buying and Selling

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total transaction of $246,000.00. Following the completion of the sale, the director now owns 4,021 shares of the company’s stock, valued at $989,166. The trade was a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the company’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 value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 342,750 shares of company stock valued at $73,356,824 over the last quarter. 0.67% 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.