DRW Securities LLC Acquires 865 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

DRW Securities LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,143 shares of the Wireless communications provider’s stock after buying an additional 865 shares during the quarter. DRW Securities LLC’s holdings in T-Mobile US were worth $2,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. International Assets Investment Management LLC grew its holdings in T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock worth $51,586,000 after acquiring an additional 248,828 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of T-Mobile US by 55.2% during the third quarter. Raymond James Trust N.A. now owns 35,752 shares of the Wireless communications provider’s stock worth $7,378,000 after purchasing an additional 12,712 shares during the period. Victory Capital Management Inc. grew its stake in shares of T-Mobile US by 0.9% in the third quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock worth $193,377,000 after purchasing an additional 8,101 shares during the last quarter. NewEdge Advisors LLC increased its holdings in T-Mobile US by 13.6% during the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after purchasing an additional 25,217 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in T-Mobile US by 12.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 164,532 shares of the Wireless communications provider’s stock valued at $33,953,000 after purchasing an additional 18,222 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.7 %

T-Mobile US stock opened at $238.28 on Monday. T-Mobile US, Inc. has a 12 month low of $147.96 and a 12 month 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. The business’s fifty day simple moving average is $219.58 and its two-hundred day simple moving average is $195.39. The company has a market capitalization of $276.52 billion, a price-to-earnings ratio of 27.17, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts predict that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio is currently 29.65%.

Insider Activity

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the 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 trade represents a 5.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The trade was a 0.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock valued at $72,863,634 in the last ninety days. 0.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TMUS has been the topic of several research analyst reports. Benchmark boosted their target price on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Oppenheimer increased their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.