Tuttle Capital Management LLC Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Tuttle Capital Management LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 34.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,114 shares of the Wireless communications provider’s stock after purchasing an additional 544 shares during the quarter. T-Mobile US accounts for about 2.8% of Tuttle Capital Management LLC’s portfolio, making the stock its 8th largest position. Tuttle Capital Management LLC’s holdings in T-Mobile US were worth $467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MRA Advisory Group bought a new position in shares of T-Mobile US during the 4th quarter valued at approximately $373,000. Marcum Wealth LLC boosted its stake in T-Mobile US by 2.9% during the fourth quarter. Marcum Wealth LLC now owns 2,776 shares of the Wireless communications provider’s stock worth $613,000 after buying an additional 77 shares during the period. Granite Bay Wealth Management LLC bought a new position in T-Mobile US during the fourth quarter valued at $5,775,000. Signet Financial Management LLC raised its stake in shares of T-Mobile US by 311.3% in the fourth quarter. Signet Financial Management LLC now owns 9,270 shares of the Wireless communications provider’s stock valued at $2,046,000 after acquiring an additional 7,016 shares during the period. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of T-Mobile US by 19.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 1,183 shares of the Wireless communications provider’s stock worth $261,000 after acquiring an additional 191 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $240.00 to $220.00 in a research report on Monday, January 6th. Citigroup increased their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Evercore ISI boosted their price objective on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group increased their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen boosted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $245.74.

T-Mobile US Trading Up 1.0 %

Shares of NASDAQ:TMUS opened at $213.46 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $247.72 billion, a PE ratio of 24.34, a P/E/G ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The business’s fifty day simple moving average is $230.19 and its 200-day simple moving average is $209.64.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.65%. T-Mobile US’s payout ratio is 40.14%.

Insider Buying and Selling at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now directly owns 378,124 shares in the company, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,969 shares of company stock worth $46,656,527 over the last three months. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.