Park Place Capital Corp Has $903,000 Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Park Place Capital Corp grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,535 shares of the Wireless communications provider’s stock after buying an additional 788 shares during the quarter. Park Place Capital Corp’s holdings in T-Mobile US were worth $903,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth approximately $3,338,708,000. Wellington Management Group LLP boosted its holdings in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares during the period. Putnam Investments LLC boosted its holdings in shares of T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the period. Royal Bank of Canada boosted its holdings in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the period. Finally, Capital International Investors boosted its holdings in shares of T-Mobile US by 27.1% during the fourth quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock worth $426,528,000 after purchasing an additional 567,390 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,903 shares of T-Mobile US stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the sale, the director now owns 680,306,713 shares in the company, valued at $108,815,058,744.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Dara Bazzano sold 4,300 shares of T-Mobile US stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total transaction of $773,054.00. Following the sale, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,586,500 shares of company stock valued at $1,102,006,954. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $2.90 during trading on Monday, reaching $179.08. The stock had a trading volume of 3,256,303 shares, compared to its average volume of 4,896,545. T-Mobile US, Inc. has a 52 week low of $131.47 and a 52 week high of $182.67. The stock has a fifty day simple moving average of $169.84 and a two-hundred day simple moving average of $164.54. The firm has a market capitalization of $209.85 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 0.69 and a beta of 0.51. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. T-Mobile US’s revenue was down .2% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent research reports. KeyCorp raised their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday. They set a “buy” rating and a $200.00 price objective on the stock. Bank of America raised their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Oppenheimer reaffirmed an “outperform” rating and set a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Citigroup raised their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Fifteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and a consensus price target of $190.79.

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.