T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,815 shares of the Wireless communications provider’s stock after buying an additional 81 shares during the period. Wedmont Private Capital’s holdings in T-Mobile US were worth $936,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TMUS. Norges Bank acquired a new position in T-Mobile US during the fourth quarter worth approximately $3,338,708,000. Wellington Management Group LLP increased its position in T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after buying an additional 4,241,877 shares during the period. Putnam Investments LLC increased its position in T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after buying an additional 1,682,743 shares during the period. Third Point LLC acquired a new position in T-Mobile US during the third quarter worth approximately $140,050,000. Finally, Royal Bank of Canada increased its position in T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of recent research reports. KeyCorp boosted their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. TD Cowen dropped their target price on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, May 29th. Royal Bank of Canada boosted their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $190.36.

Insider Activity

In other 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 value of $489,660.00. Following the sale, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Dara Bazzano sold 4,300 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were 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 owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The disclosure for this sale can be found here. Insiders have sold 6,624,666 shares of company stock worth $1,100,149,801 over the last three months. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Up 0.2 %

TMUS opened at $176.73 on Friday. The business’s fifty day moving average is $168.19 and its two-hundred day moving average is $163.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The company has a market cap of $207.10 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 0.69 and a beta of 0.50. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $182.67.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.47%. T-Mobile US’s dividend payout ratio is currently 35.37%.

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.