Wedmont Private Capital Grows Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Wedmont Private Capital lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,097 shares of the Wireless communications provider’s stock after purchasing an additional 282 shares during the period. Wedmont Private Capital’s holdings in T-Mobile US were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TMUS. Private Wealth Management Group LLC purchased a new stake in T-Mobile US during the 4th quarter worth about $27,000. Westside Investment Management Inc. lifted its holdings in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the last quarter. Pinnacle Bancorp Inc. increased its position in shares of T-Mobile US by 52.8% during the first quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 76 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of T-Mobile US during the second quarter worth about $36,000. Finally, Versant Capital Management Inc increased its position in shares of T-Mobile US by 115.2% during the second quarter. Versant Capital Management Inc now owns 213 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 114 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TMUS has been the topic of a number of research analyst reports. Scotiabank lifted their target price on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. KeyCorp lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Sanford C. Bernstein upgraded T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays lifted their target price on 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 investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average target price of $198.63.

T-Mobile US Stock Performance

Shares of TMUS stock traded down $0.07 during trading hours on Tuesday, reaching $194.88. 1,453,384 shares of the company’s stock were exchanged, compared to its average volume of 4,739,810. The company has a market cap of $228.37 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The company’s 50 day moving average is $180.40 and its two-hundred day moving average is $169.25. T-Mobile US, Inc. has a 1 year low of $131.47 and a 1 year high of $195.93. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.86.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.86 EPS. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.05 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $163.64, for a total value of $31,037,598.80. Following the sale, the director now owns 675,261,991 shares in the company, valued at approximately $110,499,872,207.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $163.64, for a total value of $31,037,598.80. Following the sale, the director now owns 675,261,991 shares in the company, valued at approximately $110,499,872,207.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jon Freier sold 20,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $164.38, for a total value of $3,287,600.00. Following the sale, the insider now owns 172,628 shares in the company, valued at approximately $28,376,590.64. The disclosure for this sale can be found here. Insiders have sold a total of 3,256,545 shares of company stock worth $561,509,865 in the last quarter. Company insiders own 0.67% of the company’s stock.

T-Mobile US 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.