Napa Wealth Management Buys Shares of 5,712 T-Mobile US, Inc. (NASDAQ:TMUS)

Napa Wealth Management purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,712 shares of the Wireless communications provider's stock, valued at approximately $1,179,000.

Other hedge funds have also made changes to their positions in the company. Edgestream Partners L.P. lifted its position in T-Mobile US by 213.2% during the 1st quarter. Edgestream Partners L.P. now owns 19,151 shares of the Wireless communications provider's stock worth $3,126,000 after acquiring an additional 13,037 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in T-Mobile US during the 1st quarter valued at approximately $204,000. Cynosure Group LLC acquired a new stake in T-Mobile US in the 1st quarter valued at approximately $311,000. UniSuper Management Pty Ltd increased its position in T-Mobile US by 193.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 12,676 shares of the Wireless communications provider's stock worth $2,069,000 after buying an additional 8,351 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in shares of T-Mobile US by 208.8% during the first quarter. Bessemer Group Inc. now owns 37,122 shares of the Wireless communications provider's stock worth $6,059,000 after buying an additional 25,099 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Price Performance

TMUS traded up $1.42 during midday trading on Monday, hitting $237.03. The company had a trading volume of 2,399,120 shares, compared to its average volume of 4,431,655. T-Mobile US, Inc. has a twelve month low of $147.24 and a twelve month high of $242.43. The company has a market capitalization of $275.07 billion, a PE ratio of 27.23, a P/E/G ratio of 1.20 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm's 50-day simple moving average is $215.88 and its 200-day simple moving average is $192.83.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. T-Mobile US's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. Equities research analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. This is a positive change from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US's dividend payout ratio (DPR) is presently 40.14%.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of research reports. Daiwa America raised shares of T-Mobile US to a "hold" rating in a research report on Friday, October 25th. Raymond James downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, October 25th. Morgan Stanley increased their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Royal Bank of Canada lifted their target price on T-Mobile US from $232.00 to $255.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, StockNews.com raised T-Mobile US from a "hold" rating to a "buy" rating in a report on Tuesday, July 30th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $241.83.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the transaction, the director now owns 1,824,632 shares of the company's stock, valued at $357,627,872. This represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the sale, the chief executive officer now directly owns 378,124 shares of the company's stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 464,924 shares of company stock valued at $97,427,925. 0.67% of the stock is currently owned by insiders.

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.