T-Mobile US, Inc. (NASDAQ:TMUS) Position Raised by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2,939.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,569 shares of the Wireless communications provider’s stock after purchasing an additional 56,642 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in T-Mobile US were worth $12,928,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in T-Mobile US by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 77,358 shares of the Wireless communications provider’s stock valued at $13,630,000 after acquiring an additional 775 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in T-Mobile US by 23.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,290 shares of the Wireless communications provider’s stock valued at $235,000 after purchasing an additional 246 shares during the last quarter. Bwcp LP boosted its holdings in T-Mobile US by 16.5% during the second quarter. Bwcp LP now owns 86,633 shares of the Wireless communications provider’s stock worth $15,263,000 after buying an additional 12,278 shares in the last quarter. Zurich Insurance Group Ltd FI grew its position in T-Mobile US by 27.0% in the second quarter. Zurich Insurance Group Ltd FI now owns 338,677 shares of the Wireless communications provider’s stock worth $59,668,000 after buying an additional 72,000 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in shares of T-Mobile US by 39.1% in the second quarter. Toronto Dominion Bank now owns 288,548 shares of the Wireless communications provider’s stock valued at $50,836,000 after buying an additional 81,164 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research reports. Benchmark raised their price objective on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Citigroup lifted their price target on T-Mobile US from $210.00 to $254.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen upped their price objective 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. UBS Group lifted their target price on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Evercore ISI upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $245.74.

Insider Activity

In other news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the transaction, the director now directly owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Andre Almeida bought 3,808 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now owns 3,808 shares in the company, valued at $897,621.76. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 164,200 shares of company stock valued at $37,407,303 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

Shares of TMUS opened at $218.18 on Thursday. The firm has a market cap of $253.20 billion, a PE ratio of 24.88, a PEG ratio of 1.09 and a beta of 0.56. The firm’s 50 day moving average price is $228.16 and its 200 day moving average price is $211.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share 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 during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, research analysts expect that T-Mobile US, Inc. will post 9.3 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 annualized dividend and a yield of 1.61%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

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.