Park Place Capital Corp Purchases 788 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Park Place Capital Corp raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,535 shares of the Wireless communications provider’s stock after acquiring 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 large investors have also bought and sold shares of TMUS. Acadian Asset Management LLC raised its holdings in T-Mobile US by 376.8% in the 3rd quarter. Acadian Asset Management LLC now owns 882 shares of the Wireless communications provider’s stock worth $122,000 after acquiring an additional 697 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in T-Mobile US by 44.3% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 329 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 101 shares during the last quarter. Mutual Advisors LLC raised its holdings in T-Mobile US by 5.6% in the 3rd quarter. Mutual Advisors LLC now owns 4,774 shares of the Wireless communications provider’s stock worth $669,000 after acquiring an additional 252 shares during the last quarter. Gotham Asset Management LLC raised its holdings in T-Mobile US by 1.9% in the 3rd quarter. Gotham Asset Management LLC now owns 42,649 shares of the Wireless communications provider’s stock worth $5,973,000 after acquiring an additional 805 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its holdings in T-Mobile US by 103.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 261,105 shares of the Wireless communications provider’s stock worth $36,568,000 after acquiring an additional 132,695 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jon Freier sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the completion of the transaction, the insider now owns 172,628 shares of the company’s stock, valued at approximately $28,376,590.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other T-Mobile US news, insider Jon Freier sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total value of $3,287,600.00. Following the completion of the transaction, the insider now owns 172,628 shares of the company’s stock, valued at approximately $28,376,590.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 227,604 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the transaction, the director now directly owns 673,251,489 shares of the company’s stock, valued at approximately $116,236,869,575.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,586,500 shares of company stock valued at $1,102,006,954. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS stock traded up $2.90 on Monday, reaching $179.08. 3,256,303 shares of the company were exchanged, compared to its average volume of 4,896,545. The company has a market cap 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 business has a 50-day moving average price of $169.84 and a 200 day moving average price of $164.54. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $182.67.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. During the same quarter in the prior year, the company earned $1.58 EPS. T-Mobile US’s revenue was down .2% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.45%. T-Mobile US’s payout ratio is currently 35.37%.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research note on Monday. They set a “buy” rating and a $200.00 target price for the company. KeyCorp boosted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Royal Bank of Canada boosted their target price 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. Bank of America boosted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Finally, Citigroup boosted their target price on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Fifteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.