Jackson Square Capital LLC Has $6.33 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Jackson Square Capital LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.0% in the third quarter, HoldingsChannel reports. The firm owned 30,666 shares of the Wireless communications provider’s stock after acquiring an additional 899 shares during the period. T-Mobile US makes up 1.6% of Jackson Square Capital LLC’s portfolio, making the stock its 19th biggest position. Jackson Square Capital LLC’s holdings in T-Mobile US were worth $6,328,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TMUS. Vanguard Group Inc. boosted its position in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC increased its position in T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after purchasing an additional 578,348 shares during the period. Legal & General Group Plc increased its position in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Blackstone Inc. acquired a new position in T-Mobile US during the 1st quarter valued at about $48,966,000. Finally, ProShare Advisors LLC lifted its position in T-Mobile US by 26.8% during the 1st quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider’s stock valued at $201,392,000 after purchasing an additional 260,795 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares of the company’s stock, valued at $323,262,057.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Michael J. Katz sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now directly owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $224.30, for a total value of $24,673,000.00. Following the transaction, the director now directly owns 1,441,204 shares in the company, valued at $323,262,057.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 453,824 shares of company stock valued at $94,003,400 in the last quarter. 0.67% of the stock is currently owned by insiders.

T-Mobile US Trading Up 2.2 %

TMUS opened at $232.19 on Thursday. The stock has a market capitalization of $269.45 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.15 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 12 month low of $145.77 and a 12 month high of $234.56. The firm’s fifty day simple moving average is $210.45 and its 200 day simple moving average is $189.05.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, research analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 29.65%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. Bank of America boosted their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Evercore ISI increased their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. KeyCorp raised their price target on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Wells Fargo & Company upped their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $241.83.

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.