Gateway Advisory LLC Boosts Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Gateway Advisory LLC increased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,393 shares of the Wireless communications provider’s stock after purchasing an additional 101 shares during the period. Gateway Advisory LLC’s holdings in T-Mobile US were worth $245,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aveo Capital Partners LLC lifted its position in shares of T-Mobile US by 6.5% in the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after acquiring an additional 137 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in T-Mobile US by 91.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 43,667 shares of the Wireless communications provider’s stock worth $7,001,000 after purchasing an additional 20,901 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of T-Mobile US by 9.2% during the fourth quarter. Advisory Services Network LLC now owns 6,934 shares of the Wireless communications provider’s stock worth $1,112,000 after buying an additional 586 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of T-Mobile US by 36.9% in the fourth quarter. Johnson Financial Group Inc. now owns 1,350 shares of the Wireless communications provider’s stock valued at $216,000 after buying an additional 364 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of T-Mobile US by 9.4% in the fourth quarter. Hilltop Holdings Inc. now owns 2,645 shares of the Wireless communications provider’s stock worth $424,000 after buying an additional 227 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 1.5 %

NASDAQ TMUS opened at $202.46 on Tuesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a one year low of $135.82 and a one year high of $206.30. The firm has a market cap of $237.25 billion, a price-to-earnings ratio of 27.55, a PEG ratio of 0.74 and a beta of 0.51. The firm has a 50 day simple moving average of $192.71 and a 200-day simple moving average of $176.86.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley increased their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday, September 16th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Oppenheimer lifted their price target on T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company raised their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Eighteen equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $211.92.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the sale, the director now directly owns 1,826,204 shares of the company’s stock, valued at approximately $365,441,682.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Raul Marcelo Claure sold 2,706 shares of the business’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 directly owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total value of $23,470,451.46. Following the transaction, the director now directly owns 670,545,206 shares in the company, valued at approximately $117,922,079,927.16. The disclosure for this sale can be found here. Insiders have sold 573,414 shares of company stock valued at $107,147,801 over the last quarter. 0.67% of the stock is owned by insiders.

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.