Catalina Capital Group LLC Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Catalina Capital Group LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% in the second quarter, HoldingsChannel.com reports. The fund owned 1,824 shares of the Wireless communications provider’s stock after purchasing an additional 175 shares during the period. Catalina Capital Group LLC’s holdings in T-Mobile US were worth $321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co boosted its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $27,000. Westside Investment Management Inc. raised its position in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in T-Mobile US by 52.8% in the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in T-Mobile US in the second quarter worth approximately $36,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 208,637 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $170.24, for a total value of $35,518,362.88. Following the transaction, the director now owns 673,706,697 shares in the company, valued at approximately $114,691,828,097.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now directly owns 122,687 shares of the company’s stock, valued at approximately $21,787,984.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 208,637 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $170.24, for a total value of $35,518,362.88. Following the completion of the sale, the director now directly owns 673,706,697 shares of the company’s stock, valued at $114,691,828,097.28. The disclosure for this sale can be found here. Insiders have sold a total of 2,317,781 shares of company stock worth $408,231,443 over the last ninety days. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.1 %

Shares of T-Mobile US stock traded up $2.14 on Friday, reaching $198.58. 2,481,123 shares of the company were exchanged, compared to its average volume of 4,677,770. The stock’s 50 day moving average price is $183.71 and its 200-day moving average price is $171.29. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86. T-Mobile US, Inc. has a 1-year low of $131.47 and a 1-year high of $199.15. The company has a market cap of $232.71 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. As a group, equities analysts forecast that T-Mobile US, Inc. will post 9.05 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

Analysts Set New Price Targets

TMUS has been the topic of a number of research analyst reports. Tigress Financial lifted their target price on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Evercore ISI raised shares of T-Mobile US to a “hold” rating in a research report on Thursday, August 1st. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Benchmark increased their price objective on shares of T-Mobile US from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $198.63.

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.