DRW Securities LLC Acquires 865 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

DRW Securities LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,143 shares of the Wireless communications provider’s stock after acquiring an additional 865 shares during the period. DRW Securities LLC’s holdings in T-Mobile US were worth $2,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. EntryPoint Capital LLC raised its holdings in T-Mobile US by 80.7% during the 1st quarter. EntryPoint Capital LLC now owns 253 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 113 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in T-Mobile US during the 1st quarter worth about $267,000. Jacobs Levy Equity Management Inc. acquired a new stake in T-Mobile US during the 1st quarter worth about $5,380,000. Dynasty Wealth Management LLC acquired a new position in shares of T-Mobile US in the 1st quarter valued at about $1,224,000. Finally, Motley Fool Asset Management LLC boosted its position in shares of T-Mobile US by 10.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 35,028 shares of the Wireless communications provider’s stock valued at $5,717,000 after purchasing an additional 3,183 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Bank of America lifted their target price on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group raised their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Finally, Barclays boosted their target price on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.83.

Insider Activity

In other news, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. This represents a 7.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 340,750 shares of company stock worth $72,863,634. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS opened at $238.28 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market cap of $276.52 billion, a PE ratio of 27.17, a PEG ratio of 1.22 and a beta of 0.50. T-Mobile US, Inc. has a 1 year low of $147.96 and a 1 year high of $242.43. The stock’s fifty day moving average price is $219.58 and its two-hundred day moving average price is $195.39.

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

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. T-Mobile US’s payout ratio is currently 29.65%.

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.