Klingman & Associates LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Klingman & Associates LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,399 shares of the Wireless communications provider’s stock, valued at approximately $246,000.

Other hedge funds have also made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in T-Mobile US during the 2nd quarter worth about $220,000. TrinityPoint Wealth LLC increased its position in T-Mobile US by 2.5% during the 2nd quarter. TrinityPoint Wealth LLC now owns 23,869 shares of the Wireless communications provider’s stock worth $4,205,000 after purchasing an additional 586 shares in the last quarter. Intact Investment Management Inc. increased its position in T-Mobile US by 24.8% during the 2nd quarter. Intact Investment Management Inc. now owns 4,990 shares of the Wireless communications provider’s stock worth $879,000 after purchasing an additional 990 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in T-Mobile US by 223.9% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 5,428 shares of the Wireless communications provider’s stock worth $956,000 after purchasing an additional 3,752 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in T-Mobile US during the 2nd quarter worth about $7,416,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.4 %

TMUS stock traded down $0.71 during midday trading on Friday, hitting $198.72. 3,915,152 shares of the company’s stock were exchanged, compared to its average volume of 4,642,973. T-Mobile US, Inc. has a 12-month low of $132.40 and a 12-month high of $205.28. The company has a current ratio of 0.84, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $232.87 billion, a price-to-earnings ratio of 27.04, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The firm has a 50 day moving average price of $186.09 and a 200-day moving average price of $172.66.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the previous year, the business earned $1.86 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, analysts anticipate that T-Mobile US, Inc. will post 9.05 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.31%. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Analyst Ratings Changes

A number of analysts recently commented on TMUS shares. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Barclays raised their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Scotiabank raised their price target on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 1st. Evercore ISI raised T-Mobile US to a “hold” rating in a research note on Thursday, August 1st. Finally, Tigress Financial lifted their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $198.63.

Insider Buying and Selling

In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares of the company’s stock, valued at approximately $365,441,682.44. The disclosure for this sale can be found here. Insiders sold a total of 2,034,062 shares of company stock worth $363,689,766 in the last three months. 0.67% of the stock is owned by 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.