T-Mobile US, Inc. (NASDAQ:TMUS) Stake Increased by Tower Bridge Advisors

Tower Bridge Advisors increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 50,686 shares of the Wireless communications provider’s stock after purchasing an additional 98 shares during the quarter. T-Mobile US makes up 1.1% of Tower Bridge Advisors’ investment portfolio, making the stock its 28th largest position. Tower Bridge Advisors’ holdings in T-Mobile US were worth $10,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of T-Mobile US by 21,580.9% in the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after purchasing an additional 248,828 shares during the period. Victory Capital Management Inc. increased its position in T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after buying an additional 8,101 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of T-Mobile US by 13.6% during the second quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock worth $37,184,000 after buying an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in shares of T-Mobile US by 84.6% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock valued at $46,224,000 after acquiring an additional 102,663 shares during the period. Finally, Fiera Capital Corp acquired a new stake in shares of T-Mobile US in the third quarter worth $483,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Trading Down 0.9 %

TMUS opened at $235.61 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a market capitalization of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.20 and a beta of 0.50. The business has a 50 day simple moving average of $215.88 and a two-hundred day simple moving average of $192.64. T-Mobile US, Inc. has a one year low of $147.07 and a one year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last released its 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. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates 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 revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.82 earnings per share. Analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 111,882 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $197.84, for a total transaction of $22,134,734.88. Following the sale, the director now directly owns 1,828,910 shares of the company’s stock, valued at $361,831,554.40. The trade was a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 464,924 shares of company stock worth $97,427,925. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TMUS. Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Barclays raised their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Scotiabank upped their target price on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Oppenheimer upped their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three 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. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

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.