Raleigh Capital Management Inc. Purchases 152 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Raleigh Capital Management Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,383 shares of the Wireless communications provider’s stock after acquiring an additional 152 shares during the period. Raleigh Capital Management Inc.’s holdings in T-Mobile US were worth $492,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of T-Mobile US during the 1st quarter worth about $1,908,000. CFO4Life Group LLC bought a new stake in shares of T-Mobile US during the 1st quarter worth about $932,000. NewEdge Advisors LLC boosted its holdings in shares of T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after buying an additional 4,253 shares during the period. Finally, Findlay Park Partners LLP boosted its holdings in shares of T-Mobile US by 6.0% during the 1st quarter. Findlay Park Partners LLP now owns 1,882,607 shares of the Wireless communications provider’s stock worth $307,279,000 after buying an additional 107,100 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.2 %

TMUS opened at $222.77 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $136.92 and a fifty-two week high of $223.91. 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 firm has a market capitalization of $261.05 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 1.12 and a beta of 0.51. The company’s 50 day moving average price is $203.79 and its two-hundred day moving average price is $183.77.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, 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. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.58%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 47.89%.

Insider Activity

In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Raul Marcelo Claure sold 132,309 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the sale, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TMUS shares. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Morgan Stanley lifted their price objective on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. Raymond James cut shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $208.00 to $221.00 in a research note on Wednesday, October 2nd. Finally, Citigroup lifted their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday. One analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Buy” and a consensus target price of $219.94.

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.