AlphaCore Capital LLC Raises Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

AlphaCore Capital LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,418 shares of the Wireless communications provider’s stock after buying an additional 827 shares during the period. AlphaCore Capital LLC’s holdings in T-Mobile US were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banco Santander S.A. raised its stake in shares of T-Mobile US by 0.5% during the 3rd quarter. Banco Santander S.A. now owns 110,108 shares of the Wireless communications provider’s stock worth $22,722,000 after acquiring an additional 498 shares in the last quarter. Navellier & Associates Inc. increased its position in shares of T-Mobile US by 2,135.2% during the third quarter. Navellier & Associates Inc. now owns 26,264 shares of the Wireless communications provider’s stock worth $5,420,000 after purchasing an additional 25,089 shares in the last quarter. L & S Advisors Inc acquired a new position in shares of T-Mobile US during the third quarter worth $1,332,000. Pacer Advisors Inc. lifted its holdings in shares of T-Mobile US by 10.4% during the 3rd quarter. Pacer Advisors Inc. now owns 119,739 shares of the Wireless communications provider’s stock valued at $24,709,000 after purchasing an additional 11,231 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of T-Mobile US in the 3rd quarter worth $53,844,000. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This trade represents a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 343,456 shares of company stock valued at $73,405,131 in the last 90 days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Trading Up 0.5 %

Shares of T-Mobile US stock opened at $236.56 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock’s 50 day simple moving average is $218.87 and its 200-day simple moving average is $194.40. The stock has a market cap of $274.52 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.19 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $147.96 and a 1-year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the business earned $1.82 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.49%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 40.14%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research analyst reports. Scotiabank boosted their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp upped their target price on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

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.