Baker Tilly Wealth Management LLC Increases Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Baker Tilly Wealth Management LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,749 shares of the Wireless communications provider’s stock after purchasing an additional 434 shares during the period. Baker Tilly Wealth Management LLC’s holdings in T-Mobile US were worth $1,048,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in T-Mobile US in the second quarter valued at $95,000. PFG Investments LLC bought a new position in shares of T-Mobile US during the second quarter worth about $220,000. MGO One Seven LLC grew its stake in T-Mobile US by 120.0% in the second quarter. MGO One Seven LLC now owns 6,131 shares of the Wireless communications provider’s stock worth $1,080,000 after purchasing an additional 3,344 shares in the last quarter. LPL Financial LLC raised its stake in T-Mobile US by 20.0% during the second quarter. LPL Financial LLC now owns 307,913 shares of the Wireless communications provider’s stock valued at $54,248,000 after buying an additional 51,307 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of T-Mobile US by 38.6% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 933 shares of the Wireless communications provider’s stock valued at $165,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TMUS shares. TD Cowen boosted their target price on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Wells Fargo & Company lowered shares of T-Mobile US from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $240.00 to $220.00 in a research note on Monday. Raymond James downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Benchmark increased their price target on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

Insider Activity at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 40.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andre Almeida acquired 3,808 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average cost of $235.72 per share, for a total transaction of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 206,969 shares of company stock worth $46,656,527. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Price Performance

NASDAQ:TMUS traded down $5.14 during trading hours on Friday, reaching $210.38. 722,819 shares of the company’s stock were exchanged, compared to its average volume of 3,341,481. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $244.14 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The business’s 50-day simple moving average is $230.65 and its two-hundred day simple moving average is $208.71.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the previous year, the firm earned $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.67%. T-Mobile US’s dividend payout ratio is currently 40.14%.

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.