MAI Capital Management Buys 30,240 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

MAI Capital Management boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 287.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,760 shares of the Wireless communications provider's stock after purchasing an additional 30,240 shares during the quarter. MAI Capital Management's holdings in T-Mobile US were worth $8,411,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. DT Investment Partners LLC raised its position in 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. MFA Wealth Advisors LLC raised 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 buying an additional 77 shares during the period. WASHINGTON TRUST Co raised its holdings in T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 83 shares during the period. Y.D. More Investments Ltd acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Finally, Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth about $27,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Stock Performance

NASDAQ:TMUS traded down $3.83 during trading hours on Tuesday, reaching $233.20. The stock had a trading volume of 3,830,052 shares, compared to its average volume of 4,429,164. The stock has a market cap of $270.63 billion, a P/E ratio of 27.03, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 12-month low of $147.24 and a 12-month high of $242.43. 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 stock has a 50 day simple moving average of $216.71 and a 200 day simple moving average of $193.34.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its 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 business had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm 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. The ex-dividend date of this dividend 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 yield of 1.51%. T-Mobile US's dividend payout ratio is 29.65%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley boosted their price target on T-Mobile US from $209.00 to $239.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Sanford C. Bernstein upgraded T-Mobile US to a "strong-buy" rating in a report on Wednesday, July 31st. TD Cowen upped their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Raymond James lowered T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Finally, BNP Paribas upgraded T-Mobile US to a "strong-buy" rating in a research note on Friday, October 25th. Three 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $241.83.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 111,882 shares of the firm's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $197.84, for a total value of $22,134,734.88. Following the completion of the sale, the director now owns 1,828,910 shares of the company's stock, valued at $361,831,554.40. This trade represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 119,687 shares of the company's stock, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 455,338 shares of company stock valued at $95,539,866. 0.67% of the stock is owned by corporate insiders.

T-Mobile US 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.