Mount Lucas Management LP Acquires New Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Mount Lucas Management LP acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,481 shares of the Wireless communications provider’s stock, valued at approximately $2,904,000. T-Mobile US accounts for about 0.8% of Mount Lucas Management LP’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. grew its holdings in shares of T-Mobile US by 3.1% in the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after purchasing an additional 5,552 shares during the period. GSA Capital Partners LLP purchased a new position in T-Mobile US during the first quarter worth about $1,908,000. Envestnet Portfolio Solutions Inc. boosted its stake in T-Mobile US by 41.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock worth $2,595,000 after buying an additional 4,777 shares during the period. Cardinal Capital Management Inc. purchased a new position in T-Mobile US during the fourth quarter worth about $29,962,000. Finally, CFO4Life Group LLC purchased a new position in T-Mobile US during the first quarter worth about $932,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 target price for the company. Citigroup increased their target price on shares of T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. TD Cowen increased their price target on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays increased their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $198.63.

Insider Transactions at T-Mobile US

In other news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were 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 owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the transaction, the director now directly owns 1,826,204 shares in the company, valued at $365,441,682.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,336,950 shares of company stock worth $239,882,745. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Down 2.1 %

T-Mobile US stock traded down $4.18 during trading on Friday, reaching $193.00. The stock had a trading volume of 5,337,108 shares, compared to its average volume of 4,626,616. T-Mobile US, Inc. has a 52-week low of $134.50 and a 52-week high of $205.28. The business has a 50 day moving average price of $188.14 and a 200 day moving average price of $174.02. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The stock has a market cap of $226.17 billion, a PE ratio of 26.26, a P/E/G ratio of 0.74 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.35%. T-Mobile US’s dividend payout ratio is presently 35.37%.

T-Mobile US 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.