T-Mobile US, Inc. $TMUS Stake Boosted by Traynor Capital Management Inc.

Traynor Capital Management Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 239.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,402 shares of the Wireless communications provider’s stock after purchasing an additional 10,157 shares during the quarter. Traynor Capital Management Inc.’s holdings in T-Mobile US were worth $3,448,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new position in T-Mobile US in the second quarter worth about $25,000. Elevation Wealth Partners LLC increased its position in T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the period. Aspect Partners LLC lifted its stake in T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 65 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US during the second quarter valued at $31,000. Finally, Kilter Group LLC bought a new position in shares of T-Mobile US during the second quarter worth about $34,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. Sanford C. Bernstein decreased their target price on shares of T-Mobile US from $265.00 to $245.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Argus decreased their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. HSBC raised T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a research note on Friday, October 24th. Moffett Nathanson increased their price target on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Finally, Scotiabank raised their price target on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $256.36.

T-Mobile US Stock Performance

Shares of TMUS opened at $186.25 on Thursday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The firm’s 50 day moving average is $198.43 and its 200-day moving average is $221.49. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $276.49. The stock has a market capitalization of $208.32 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.02 and a beta of 0.45.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be given a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.

Insider Buying and Selling

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the sale, the insider owned 156,203 shares in the company, valued at approximately $33,725,789.73. The trade was a 1.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Letitia A. Long sold 1,457 shares of T-Mobile US stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the completion of the transaction, the director directly owned 5,438 shares in the company, valued at approximately $1,143,720.16. This trade represents a 21.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 51,457 shares of company stock worth $11,149,636. Company insiders own 0.37% of the company’s stock.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.