Bar Harbor Wealth Management Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Bar Harbor Wealth Management acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,110 shares of the Wireless communications provider’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in TMUS. WASHINGTON TRUST Co raised its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Summit Securities Group LLC purchased a new position in T-Mobile US in the 2nd quarter worth $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the 2nd quarter worth $27,000. Westside Investment Management Inc. raised its position in T-Mobile US by 75.8% in the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US in the 2nd quarter worth $30,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.6 %

Shares of TMUS opened at $223.21 on Friday. T-Mobile US, Inc. has a 1-year low of $136.85 and a 1-year high of $223.45. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $203.23 and its 200-day moving average price is $183.05. The firm has a market capitalization of $261.57 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.14 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.58%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TMUS shares. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Morgan Stanley lifted their target price on shares of T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their target price on shares of T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. TD Cowen boosted their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, KeyCorp boosted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $217.50.

Insider Activity

In related news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by company insiders.

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.