Gruss & Co. LLC Invests $206,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Gruss & Co. LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the Wireless communications provider’s stock, valued at approximately $206,000. T-Mobile US accounts for approximately 1.6% of Gruss & Co. LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors have also added to or reduced their stakes in TMUS. Vanguard Group Inc. increased its holdings in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Legal & General Group Plc increased its stake in T-Mobile US by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after acquiring an additional 303,582 shares during the period. Dimensional Fund Advisors LP raised its holdings in T-Mobile US by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after acquiring an additional 184,059 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of T-Mobile US by 18.8% during the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of T-Mobile US by 1.1% during the 1st quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after purchasing an additional 28,045 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the transaction, the director now directly owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Deeanne King sold 15,437 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the transaction, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now directly owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 306,492 shares of company stock valued at $60,161,906 over the last quarter. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $1.02 during midday trading on Thursday, reaching $220.78. The company’s stock had a trading volume of 154,317 shares, compared to its average volume of 4,468,943. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $258.72 billion, a P/E ratio of 29.90, a PEG ratio of 1.12 and a beta of 0.51. The firm has a 50 day moving average price of $202.08 and a 200-day moving average price of $182.36. T-Mobile US, Inc. has a 12-month low of $136.85 and a 12-month high of $221.71.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS 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 business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities 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. Stockholders 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 is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. T-Mobile US’s dividend payout ratio (DPR) is presently 47.89%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TMUS. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Evercore ISI increased their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. 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 note on Thursday, July 18th. Finally, Benchmark 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 report on Friday, September 20th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $216.36.

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.