Pathstone Holdings LLC grew its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 8.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,162 shares of the Wireless communications provider's stock after purchasing an additional 5,974 shares during the period. Pathstone Holdings LLC's holdings in T-Mobile US were worth $16,336,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC increased its position in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after acquiring an additional 47 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of T-Mobile US in the second quarter valued at about $27,000. Y.D. More Investments Ltd acquired a new position in T-Mobile US in the 2nd quarter worth $27,000. Finally, MFA Wealth Advisors LLC grew its holdings in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock worth $28,000 after acquiring an additional 77 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Scotiabank increased their price target on T-Mobile US from $236.00 to $237.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 24th. Evercore ISI lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Oppenheimer raised their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group lifted their target price on T-Mobile US from $210.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Three 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 stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $241.83.
Check Out Our Latest Stock Analysis on TMUS
Insider Activity
In related news, insider Michael J. Katz sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the sale, the insider now owns 119,687 shares of the company's stock, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 2,706 shares of T-Mobile US stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the transaction, the director now directly owns 1,826,204 shares in the company, valued at $365,441,682.44. The trade was a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 455,338 shares of company stock worth $95,539,866. 0.67% of the stock is currently owned by corporate insiders.
T-Mobile US Trading Up 1.0 %
Shares of TMUS stock traded up $2.27 during mid-day trading on Wednesday, reaching $235.47. The stock had a trading volume of 2,538,508 shares, compared to its average volume of 4,421,048. The firm has a market capitalization of $273.26 billion, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The stock's 50-day moving average price is $217.45 and its two-hundred day moving average price is $193.82. T-Mobile US, Inc. has a 52-week low of $147.96 and a 52-week high of $242.43. 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 (NASDAQ:TMUS - Get Free Report) last issued 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 for 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%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 EPS. Equities analysts expect that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.
T-Mobile US Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.49%. This is a boost 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 payout ratio is 29.65%.
About T-Mobile US
(
Free Report)
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.
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