Overbrook Management Corp Purchases 17,457 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Overbrook Management Corp boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 21.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 99,427 shares of the Wireless communications provider’s stock after acquiring an additional 17,457 shares during the period. T-Mobile US makes up approximately 4.7% of Overbrook Management Corp’s portfolio, making the stock its 6th largest position. Overbrook Management Corp’s holdings in T-Mobile US were worth $20,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in T-Mobile US by 88.7% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 108,254 shares of the Wireless communications provider’s stock valued at $22,339,000 after purchasing an additional 50,882 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of T-Mobile US by 0.7% in the third quarter. Citizens Financial Group Inc. RI now owns 47,960 shares of the Wireless communications provider’s stock worth $9,897,000 after buying an additional 349 shares in the last quarter. Payden & Rygel lifted its stake in shares of T-Mobile US by 0.4% in the third quarter. Payden & Rygel now owns 81,200 shares of the Wireless communications provider’s stock worth $16,756,000 after buying an additional 300 shares in the last quarter. Moran Wealth Management LLC lifted its stake in shares of T-Mobile US by 0.8% in the third quarter. Moran Wealth Management LLC now owns 18,371 shares of the Wireless communications provider’s stock worth $3,791,000 after buying an additional 145 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the third quarter worth about $3,369,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on TMUS. The Goldman Sachs Group lifted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Benchmark lifted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Oppenheimer lifted their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $241.83.

Insider Buying and Selling at T-Mobile US

In other news, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total transaction of $2,561,325.00. Following the transaction, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. This represents a 71.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 455,338 shares of company stock worth $95,539,866. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $235.47 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a fifty-two week low of $147.96 and a fifty-two week high of $242.43. The stock has a market cap of $273.26 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 1.19 and a beta of 0.50. The firm’s fifty day simple moving average is $218.19 and its 200-day simple moving average is $194.11.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.82 EPS. Analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share 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 dividend on an annualized basis 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 of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 29.65%.

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.