Mitchell Mcleod Pugh & Williams Inc. Buys 446 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Mitchell Mcleod Pugh & Williams Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,517 shares of the Wireless communications provider’s stock after purchasing an additional 446 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in T-Mobile US were worth $1,138,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. WASHINGTON TRUST Co grew its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares during the last quarter. DT Investment Partners LLC grew its position in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new position in T-Mobile US in the 2nd quarter valued at $27,000. Finally, MFA Wealth Advisors LLC boosted its stake in T-Mobile US by 128.3% in the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 1.7 %

T-Mobile US stock traded up $3.82 during mid-day trading on Friday, hitting $235.31. 3,452,218 shares of the company’s stock were exchanged, compared to its average volume of 3,779,871. T-Mobile US, Inc. has a fifty-two week low of $145.77 and a fifty-two week high of $236.74. 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 firm has a market capitalization of $273.07 billion, a P/E ratio of 26.83, a PEG ratio of 1.19 and a beta of 0.50. The company’s 50 day simple moving average is $211.81 and its 200-day simple moving average is $189.86.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. T-Mobile US’s dividend payout ratio is presently 40.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays lifted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Raymond James lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. KeyCorp upped their price objective on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.83.

Insiders Place Their Bets

In other news, CFO Peter Osvaldik sold 20,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares in the company, valued at $14,318,249.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the transaction, the chief financial officer now owns 61,307 shares in the company, valued at approximately $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of T-Mobile US stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total transaction of $24,673,000.00. Following the completion of the sale, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 453,824 shares of company stock worth $94,003,400. Corporate insiders own 0.67% of the company’s stock.

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.