T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Brookstone Capital Management

Brookstone Capital Management boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 79.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,005 shares of the Wireless communications provider’s stock after acquiring an additional 888 shares during the quarter. Brookstone Capital Management’s holdings in T-Mobile US were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KPP Advisory Services LLC increased its stake in shares of T-Mobile US by 2.6% during the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares during the period. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. Old North State Trust LLC raised its stake in shares of T-Mobile US by 1.4% in the 3rd quarter. Old North State Trust LLC now owns 3,637 shares of the Wireless communications provider’s stock worth $751,000 after buying an additional 50 shares in the last quarter. Davis Investment Partners LLC lifted its holdings in shares of T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after buying an additional 51 shares during the period. Finally, Barden Capital Management Inc. boosted its stake in T-Mobile US by 0.8% during the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after buying an additional 54 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TMUS. BNP Paribas upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. TD Cowen lifted their target price on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Benchmark boosted their target price on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Tigress Financial increased their price target on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada downgraded T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $255.00 to $240.00 in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Activity

In other news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This represents a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now directly owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Up 1.5 %

NASDAQ TMUS opened at $218.97 on Friday. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15. The company has a market capitalization of $254.11 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.05 and a beta of 0.56. The stock’s 50 day moving average is $229.26 and its two-hundred day moving average is $209.98. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts forecast that T-Mobile US, Inc. will post 9.31 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is presently 40.14%.

T-Mobile US Company Profile

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.