Signet Financial Management LLC Has $2.27 Million Position in T-Mobile US, Inc. $TMUS

Signet Financial Management LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 54.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,810 shares of the Wireless communications provider’s stock after purchasing an additional 3,793 shares during the quarter. Signet Financial Management LLC’s holdings in T-Mobile US were worth $2,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its holdings in shares of T-Mobile US by 18.6% during the 1st quarter. Sanctuary Advisors LLC now owns 79,171 shares of the Wireless communications provider’s stock worth $16,628,000 after buying an additional 12,413 shares during the period. Cornerstone Advisory LLC bought a new position in T-Mobile US in the 1st quarter worth $213,000. Checchi Capital Advisers LLC lifted its position in T-Mobile US by 4.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 7,272 shares of the Wireless communications provider’s stock worth $1,527,000 after acquiring an additional 295 shares during the last quarter. Nwam LLC lifted its position in T-Mobile US by 227.8% during the 1st quarter. Nwam LLC now owns 6,729 shares of the Wireless communications provider’s stock worth $1,413,000 after acquiring an additional 4,676 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in T-Mobile US by 16.3% during the first quarter. Hillsdale Investment Management Inc. now owns 4,280 shares of the Wireless communications provider’s stock valued at $899,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares in the company, valued at $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andre Almeida acquired 5,097 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the acquisition, the insider directly owned 44,850 shares of the company’s stock, valued at approximately $8,798,673. This represents a 12.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 price target on the stock in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft decreased their target price on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their price target on T-Mobile US from $255.00 to $240.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley reduced their price objective on T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, July 7th. Finally, Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $255.76.

T-Mobile US Stock Down 0.7%

TMUS opened at $187.13 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $165.66 and a fifty-two week high of $261.56. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The firm’s fifty day moving average price is $185.09 and its two-hundred day moving average price is $196.42. The company has a market capitalization of $202.51 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.11 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 EPS. On average, analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Friday, August 28th. T-Mobile US’s dividend payout ratio is 43.40%.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.