Axecap Investments LLC Takes $3.20 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Axecap Investments LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 15,489 shares of the Wireless communications provider’s stock, valued at approximately $3,196,000. T-Mobile US accounts for about 2.4% of Axecap Investments LLC’s portfolio, making the stock its 17th biggest holding.

Other hedge funds have also modified their holdings of the company. MFA Wealth Advisors LLC lifted its holdings in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. WASHINGTON TRUST Co raised its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares during the period. Y.D. More Investments Ltd acquired a new position in T-Mobile US during the second quarter valued at $27,000. Summit Securities Group LLC acquired a new position in T-Mobile US during the second quarter valued at $27,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in T-Mobile US during the second quarter valued at $30,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares in the company, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jon Freier sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 349,261 shares of company stock worth $69,411,130 in the last 90 days. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $220.95 on Thursday. The business has a 50 day moving average price of $204.75 and a 200 day moving average price of $184.44. T-Mobile US, Inc. has a twelve month low of $137.69 and a twelve month high of $223.91. The company has a market cap of $258.92 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 1.12 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the prior year, the company earned $1.86 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts predict that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.59%. T-Mobile US’s dividend payout ratio is presently 47.89%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TMUS shares. Oppenheimer upped their price target on T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Raymond James lowered T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $208.00 to $221.00 in a research report on Wednesday, October 2nd. KeyCorp upped their price target on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays upped their target price on 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 research analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $219.94.

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.