Lincoln Capital Corp Purchases 264 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Lincoln Capital Corp grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,230 shares of the Wireless communications provider’s stock after buying an additional 264 shares during the quarter. T-Mobile US makes up about 2.7% of Lincoln Capital Corp’s investment portfolio, making the stock its 13th largest holding. Lincoln Capital Corp’s holdings in T-Mobile US were worth $6,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TMUS. WASHINGTON TRUST Co boosted its stake 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 purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC grew its holdings in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the period. Summit Securities Group LLC bought a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US during the 2nd quarter valued at approximately $27,000. Finally, Westside Investment Management Inc. grew its stake in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at approximately $13,380,222.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Jon Freier sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was 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 owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TMUS shares. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday. Tigress Financial increased their price objective 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. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. The Goldman Sachs Group increased their price objective 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. Finally, Citigroup increased their price target on T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average price target of $240.17.

T-Mobile US Trading Down 3.1 %

Shares of TMUS stock opened at $226.36 on Friday. The stock has a fifty day simple moving average of $205.53 and a two-hundred day simple moving average of $184.78. T-Mobile US, Inc. has a 52-week low of $138.42 and a 52-week high of $234.56. The firm has a market capitalization of $264.11 billion, a PE ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the company earned $1.82 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that T-Mobile US, Inc. will post 9.22 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is 32.58%.

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.