T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by 1858 Wealth Management LLC

1858 Wealth Management LLC lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 20.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,891 shares of the Wireless communications provider’s stock after purchasing an additional 496 shares during the quarter. 1858 Wealth Management LLC’s holdings in T-Mobile US were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bellecapital International Ltd. acquired a new stake in shares of T-Mobile US during the 3rd quarter worth approximately $326,000. Barden Capital Management Inc. grew its stake in T-Mobile US by 0.8% in the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after acquiring an additional 54 shares during the period. Koss Olinger Consulting LLC grew its stake in T-Mobile US by 9.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 2,044 shares of the Wireless communications provider’s stock valued at $422,000 after acquiring an additional 174 shares during the period. Vest Financial LLC acquired a new stake in T-Mobile US in the 3rd quarter valued at $753,000. Finally, Buckley Wealth Management LLC grew its stake in T-Mobile US by 3.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 5,368 shares of the Wireless communications provider’s stock valued at $1,108,000 after acquiring an additional 197 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.1 %

Shares of TMUS traded down $0.22 during trading on Monday, reaching $222.99. 2,234,494 shares of the company traded hands, compared to its average volume of 4,467,240. The stock has a 50-day simple moving average of $203.23 and a 200-day simple moving average of $183.34. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a twelve month low of $136.92 and a twelve month high of $223.88. The stock has a market cap of $261.31 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same quarter in the previous year, the company earned $1.86 earnings per share. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current 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 issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.58%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Benchmark lifted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Oppenheimer lifted their price target on shares of T-Mobile US from $200.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Barclays lifted their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Raymond James lowered T-Mobile US from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $208.00 to $221.00 in a report on Wednesday, October 2nd. Finally, Evercore ISI raised their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. One equities research analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $217.50.

Insider Buying and Selling at T-Mobile US

In other news, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the sale, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the completion of the transaction, the chief executive officer now owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 349,261 shares of company stock valued at $69,411,130 in the last three months. 0.67% of the stock is owned by corporate insiders.

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.