Raleigh Capital Management Inc. Has $492,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Raleigh Capital Management Inc. grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,383 shares of the Wireless communications provider’s stock after purchasing an additional 152 shares during the period. Raleigh Capital Management Inc.’s holdings in T-Mobile US were worth $492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Plimoth Trust Co. LLC raised its holdings in shares of T-Mobile US by 5.3% in the third quarter. Plimoth Trust Co. LLC now owns 9,910 shares of the Wireless communications provider’s stock valued at $2,045,000 after purchasing an additional 500 shares during the last quarter. Whittier Trust Co. raised its holdings in shares of T-Mobile US by 2.4% in the third quarter. Whittier Trust Co. now owns 6,159 shares of the Wireless communications provider’s stock valued at $1,271,000 after purchasing an additional 146 shares during the last quarter. Stewardship Advisors LLC purchased a new stake in shares of T-Mobile US in the third quarter valued at about $203,000. 1858 Wealth Management LLC raised its holdings in shares of T-Mobile US by 20.7% in the third quarter. 1858 Wealth Management LLC now owns 2,891 shares of the Wireless communications provider’s stock valued at $597,000 after purchasing an additional 496 shares during the last quarter. Finally, Bellecapital International Ltd. purchased a new stake in shares of T-Mobile US in the third quarter valued at about $326,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TMUS. Evercore ISI increased their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Oppenheimer increased 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 report on Thursday, September 19th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Barclays increased their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $219.94.

Insiders Place Their Bets

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of T-Mobile US 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 transaction, the executive vice president now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction, the executive vice president now owns 61,871 shares in the company, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Freier sold 10,000 shares of the firm’s 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 transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Down 0.2 %

Shares of TMUS opened at $222.77 on Tuesday. The firm’s 50 day simple moving average is $203.79 and its 200 day simple moving average is $183.77. The company has a market capitalization of $261.05 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.12 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. T-Mobile US, Inc. has a 1-year low of $136.92 and a 1-year high of $223.91.

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

T-Mobile US Increases Dividend

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

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.