Platform Technology Partners Invests $205,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Platform Technology Partners bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 994 shares of the Wireless communications provider’s stock, valued at approximately $205,000.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after purchasing an additional 1,667,778 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of T-Mobile US by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock worth $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in T-Mobile US by 18.8% in the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock valued at $596,159,000 after acquiring an additional 578,348 shares during the last quarter. Finally, Boston Partners boosted its holdings in T-Mobile US by 1.1% in the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock valued at $424,025,000 after acquiring an additional 28,045 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Up 0.3 %

NASDAQ TMUS opened at $239.00 on Wednesday. The firm has a market cap of $277.36 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.22 and a beta of 0.50. 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 stock’s 50-day moving average is $212.60 and its 200-day moving average is $190.75. T-Mobile US, Inc. has a one year low of $145.77 and a one year high of $239.13.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for 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 revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.82 earnings per share. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Wednesday, November 27th. 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 currently 29.65%.

Analyst Ratings Changes

Several research firms recently issued reports on TMUS. Raymond James cut T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Deutsche Bank Aktiengesellschaft raised their price target on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Royal Bank of Canada raised their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays raised 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. Finally, JPMorgan Chase & Co. raised their price target on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $241.83.

Insider Activity at T-Mobile US

In related news, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the sale, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the sale, the executive vice president now directly owns 4,400 shares in the company, valued at approximately $1,015,300. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 444,924 shares of company stock valued at $92,673,325. 0.67% of the stock is owned by insiders.

T-Mobile US Company 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.