Crew Capital Management Ltd. Acquires Shares of 1,293 T-Mobile US, Inc. (NASDAQ:TMUS)

Crew Capital Management Ltd. acquired a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,293 shares of the Wireless communications provider’s stock, valued at approximately $207,000.

A number of other hedge funds also recently made changes to their positions in the business. Morgan Stanley lifted its position in shares of T-Mobile US by 0.9% in the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after buying an additional 104,490 shares during the last quarter. Royal Bank of Canada lifted its position in shares of T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after buying an additional 693,443 shares during the last quarter. Invesco Ltd. lifted its position in shares of T-Mobile US by 0.6% in the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after buying an additional 45,196 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of T-Mobile US by 10.1% in the fourth quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider’s stock valued at $554,096,000 after buying an additional 316,617 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after buying an additional 2,071,489 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $0.29 during trading on Monday, reaching $164.25. 3,451,153 shares of the company traded hands, compared to its average volume of 4,550,997. The company’s 50 day moving average is $162.51 and its two-hundred day moving average is $157.18. The firm has a market capitalization of $194.94 billion, a PE ratio of 22.36, a PEG ratio of 0.67 and a beta of 0.49. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. T-Mobile US, Inc. has a 52 week low of $124.92 and a 52 week high of $168.64.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 8.97 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Wall Street Analyst Weigh In

TMUS has been the subject of several research reports. Morgan Stanley lifted their price target on T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Wells Fargo & Company upped their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Raymond James upped their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. TD Cowen decreased their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday. Finally, Royal Bank of Canada upped their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Buy” and a consensus price target of $186.33.

Insider Buying and Selling

In related news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The sale was disclosed in a filing with the SEC, which is available through this link. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The disclosure for this sale can be found here. Insiders sold a total of 5,985,409 shares of company stock worth $971,083,803 in the last ninety days. 0.70% of the stock is owned by insiders.

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.