Ingalls & Snyder LLC Acquires 1,220 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ingalls & Snyder LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 109,210 shares of the Wireless communications provider’s stock after buying an additional 1,220 shares during the quarter. T-Mobile US comprises approximately 0.9% of Ingalls & Snyder LLC’s portfolio, making the stock its 28th biggest position. Ingalls & Snyder LLC’s holdings in T-Mobile US were worth $22,537,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Investment Management Corp of Ontario increased its holdings in T-Mobile US by 261.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 42,848 shares of the Wireless communications provider’s stock worth $8,842,000 after buying an additional 31,004 shares in the last quarter. Ionic Capital Management LLC bought a new stake in shares of T-Mobile US during the 3rd quarter valued at about $557,000. Hilltop Holdings Inc. grew its stake in shares of T-Mobile US by 36.1% during the 3rd quarter. Hilltop Holdings Inc. now owns 4,209 shares of the Wireless communications provider’s stock valued at $868,000 after purchasing an additional 1,117 shares during the period. Holocene Advisors LP bought a new stake in shares of T-Mobile US during the 3rd quarter valued at about $2,544,000. Finally, Benjamin Edwards Inc. grew its stake in shares of T-Mobile US by 1,890.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 165,789 shares of the Wireless communications provider’s stock valued at $34,215,000 after purchasing an additional 157,458 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 0.2 %

NASDAQ:TMUS traded down $0.42 during midday trading on Tuesday, hitting $244.40. 364,166 shares of the company traded hands, compared to its average volume of 4,365,597. The firm’s fifty day moving average is $223.98 and its 200-day moving average is $198.25. The firm has a market capitalization of $283.62 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.26 and a beta of 0.53. 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, Inc. has a 12-month low of $151.38 and a 12-month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given 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 payout ratio is 40.14%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $246.00, for a total value of $246,000.00. Following the completion of the sale, the director now directly owns 4,021 shares in the company, valued at approximately $989,166. This trade represents a 19.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This trade represents a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 342,750 shares of company stock valued at $73,356,824. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TMUS shares. Oppenheimer boosted their price target on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Benchmark boosted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Finally, UBS Group boosted their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.33.

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.