Braun Stacey Associates Inc. Has $29.45 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Braun Stacey Associates Inc. raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 142,723 shares of the Wireless communications provider's stock after acquiring an additional 3,455 shares during the quarter. T-Mobile US accounts for about 1.1% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 22nd largest holding. Braun Stacey Associates Inc.'s holdings in T-Mobile US were worth $29,452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WASHINGTON TRUST Co lifted its stake 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 during the last quarter. DT Investment Partners LLC lifted its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US during the second quarter worth $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US during the second quarter worth $27,000. Finally, MFA Wealth Advisors LLC lifted its stake in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider's stock valued at $28,000 after buying an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.8 %

Shares of T-Mobile US stock traded up $1.95 during trading on Monday, hitting $237.56. 1,147,050 shares of the stock traded hands, compared to its average volume of 4,425,786. The stock has a market cap of $275.69 billion, a P/E ratio of 27.23, a PEG 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. T-Mobile US, Inc. has a twelve month low of $147.24 and a twelve month high of $242.43. The company has a fifty day moving average price of $215.88 and a two-hundred day moving average price of $192.83.

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 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $20.01 billion. During the same period in the previous year, the company earned $1.82 EPS. The firm's revenue was up 4.7% on a year-over-year basis. 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 firm also recently declared 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 is an increase from T-Mobile US's previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, November 27th. T-Mobile US's payout ratio is currently 40.14%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TMUS shares. BNP Paribas raised T-Mobile US to a "strong-buy" rating in a report on Friday, October 25th. Wells Fargo & Company raised their price target on T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. TD Cowen raised their price target on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Daiwa America raised T-Mobile US to a "hold" rating in a report on Friday, October 25th. Finally, Barclays increased their price target on T-Mobile US from $215.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $241.83.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the transaction, the director now directly owns 1,940,792 shares of the company's stock, valued at $382,258,392.32. The trade was a 0.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 464,924 shares of company stock valued at $97,427,925 in the last three months. Company insiders own 0.67% of the company's stock.

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.