Commerce Bank Purchases 4,735 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Commerce Bank grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 713,194 shares of the Wireless communications provider's stock after acquiring an additional 4,735 shares during the period. T-Mobile US comprises 0.9% of Commerce Bank's holdings, making the stock its 20th largest holding. Commerce Bank owned about 0.06% of T-Mobile US worth $147,175,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Strategy Asset Managers LLC grew its stake in T-Mobile US by 220.8% in the 3rd quarter. Strategy Asset Managers LLC now owns 6,929 shares of the Wireless communications provider's stock worth $1,430,000 after buying an additional 4,769 shares in the last quarter. Prospera Private Wealth LLC bought a new position in T-Mobile US in the 3rd quarter worth $119,000. Thompson Davis & CO. Inc. raised its holdings in T-Mobile US by 44.1% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,630 shares of the Wireless communications provider's stock worth $543,000 after purchasing an additional 805 shares in the last quarter. West Family Investments Inc. increased its stake in shares of T-Mobile US by 22.8% in the 3rd quarter. West Family Investments Inc. now owns 6,243 shares of the Wireless communications provider's stock worth $1,288,000 after acquiring an additional 1,158 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in T-Mobile US by 12.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 164,532 shares of the Wireless communications provider's stock valued at $33,953,000 after purchasing an additional 18,222 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company's stock, valued at approximately $357,627,872. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter Osvaldik sold 20,000 shares of the company's stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the transaction, the chief financial officer now directly owns 61,307 shares in the company, valued at approximately $14,318,249.85. This represents a 24.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 455,338 shares of company stock worth $95,539,866 in the last three months. 0.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TMUS has been the subject of a number of recent research reports. Oppenheimer raised their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on shares of T-Mobile US from $232.00 to $255.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Barclays lifted their price objective on T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Scotiabank boosted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded shares of T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.83.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $2.14 on Wednesday, hitting $235.34. The company had a trading volume of 1,261,434 shares, compared to its average volume of 4,414,942. 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 52-week low of $147.96 and a 52-week high of $242.43. The business has a 50 day moving average of $217.45 and a 200 day moving average of $193.82. The company has a market cap of $273.11 billion, a PE ratio of 26.59, a PEG ratio of 1.20 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share 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. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. T-Mobile US's dividend payout ratio (DPR) is 29.65%.

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.