Murphy & Mullick Capital Management Corp Makes New Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Murphy & Mullick Capital Management Corp acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 280 shares of the Wireless communications provider’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after acquiring an additional 47,350 shares in the last quarter. Fisher Asset Management LLC increased its holdings in T-Mobile US by 139.5% in the 3rd quarter. Fisher Asset Management LLC now owns 4,029 shares of the Wireless communications provider’s stock valued at $831,000 after purchasing an additional 2,347 shares in the last quarter. Townsquare Capital LLC raised its position in T-Mobile US by 16.9% in the third quarter. Townsquare Capital LLC now owns 18,622 shares of the Wireless communications provider’s stock valued at $3,843,000 after purchasing an additional 2,697 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of T-Mobile US by 7.0% during the third quarter. Glenmede Trust Co. NA now owns 15,561 shares of the Wireless communications provider’s stock worth $3,211,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of T-Mobile US in the third quarter worth about $45,771,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Price Performance

TMUS opened at $268.28 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $252.00 and its 200 day moving average price is $232.15. T-Mobile US, Inc. has a fifty-two week low of $159.14 and a fifty-two week high of $276.49. The firm has a market cap of $306.31 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is 36.40%.

Analysts Set New Price Targets

Several brokerages recently commented on TMUS. Barclays raised their target price on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Hsbc Global Res downgraded shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, March 21st. Citigroup lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price objective on the stock. in a report on Friday, March 14th. Finally, KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.80.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.