W.H. Cornerstone Investments Inc. Makes New $683,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

W.H. Cornerstone Investments Inc. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,093 shares of the Wireless communications provider's stock, valued at approximately $683,000.

Several other institutional investors also recently bought and sold shares of TMUS. SeaCrest Wealth Management LLC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at $243,000. Sumitomo Life Insurance Co. increased its holdings in shares of T-Mobile US by 2.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 8,228 shares of the Wireless communications provider's stock valued at $1,698,000 after acquiring an additional 202 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of T-Mobile US by 15.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 96,297 shares of the Wireless communications provider's stock valued at $19,872,000 after acquiring an additional 12,724 shares during the period. Gruss & Co. LLC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at $206,000. Finally, Good Life Advisors LLC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at $314,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the transaction, the director now owns 5,653 shares of the company's stock, valued at approximately $1,306,295.24. This represents a 16.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,100 shares of company stock worth $747,378 in the last 90 days. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $7.61 on Tuesday, hitting $263.21. The company had a trading volume of 3,877,684 shares, compared to its average volume of 3,867,970. The firm has a market cap of $300.52 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The company has a 50-day moving average price of $228.50 and a 200-day moving average price of $219.52. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $271.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. T-Mobile US's dividend payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TMUS. Bank of America lifted their price target on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Citigroup boosted their target price on T-Mobile US from $210.00 to $254.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. UBS Group boosted their target price on T-Mobile US from $210.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Raymond James downgraded T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, October 25th. Seven research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $251.79.

T-Mobile US Company 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.