Ashton Thomas Securities LLC Takes $179,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Ashton Thomas Securities LLC acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 866 shares of the Wireless communications provider’s stock, valued at approximately $179,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its holdings in shares of T-Mobile US by 155.1% during the third quarter. Los Angeles Capital Management LLC now owns 11,093 shares of the Wireless communications provider’s stock worth $2,289,000 after buying an additional 6,745 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in T-Mobile US by 8.8% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,517 shares of the Wireless communications provider’s stock valued at $1,138,000 after purchasing an additional 446 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of T-Mobile US by 7.2% in the third quarter. Crossmark Global Holdings Inc. now owns 80,353 shares of the Wireless communications provider’s stock valued at $16,581,000 after buying an additional 5,410 shares during the last quarter. Colonial River Investments LLC increased its stake in shares of T-Mobile US by 10.4% during the third quarter. Colonial River Investments LLC now owns 4,052 shares of the Wireless communications provider’s stock worth $836,000 after purchasing an additional 382 shares during the period. Finally, Axxcess Wealth Management LLC increased its stake in shares of T-Mobile US by 20.8% during the third quarter. Axxcess Wealth Management LLC now owns 11,129 shares of the Wireless communications provider’s stock worth $2,297,000 after purchasing an additional 1,916 shares during the period. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TMUS. Royal Bank of Canada raised their price objective on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Bank of America boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the sale, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now owns 1,824,632 shares in the company, valued at $357,627,872. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the sale, the insider now owns 119,687 shares in the company, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 433,824 shares of company stock worth $90,112,000. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $238.32 on Tuesday. T-Mobile US, Inc. has a twelve month low of $145.77 and a twelve month high of $239.13. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average price is $211.81 and its 200-day moving average price is $190.22. The company has a market capitalization of $276.57 billion, a PE ratio of 27.17, a PEG ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 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 business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s dividend payout ratio is presently 29.65%.

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.