Wedbush Securities Inc. Grows Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Wedbush Securities Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,616 shares of the Wireless communications provider’s stock after buying an additional 792 shares during the period. Wedbush Securities Inc.’s holdings in T-Mobile US were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sei Investments Co. lifted its position in T-Mobile US by 3.1% during the fourth quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after purchasing an additional 5,552 shares in the last quarter. GSA Capital Partners LLP bought a new stake in T-Mobile US during the first quarter valued at about $1,908,000. Envestnet Portfolio Solutions Inc. raised its holdings in T-Mobile US by 41.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock valued at $2,595,000 after acquiring an additional 4,777 shares during the period. Cardinal Capital Management Inc. bought a new stake in T-Mobile US during the fourth quarter valued at about $29,962,000. Finally, CFO4Life Group LLC bought a new stake in T-Mobile US during the first quarter valued at about $932,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TMUS shares. Tigress Financial lifted their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Barclays boosted their target price on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, TD Cowen boosted their target price on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $198.63.

T-Mobile US Trading Up 1.2 %

TMUS opened at $195.30 on Tuesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The company’s 50 day simple moving average is $188.47 and its two-hundred day simple moving average is $174.31. T-Mobile US, Inc. has a 1-year low of $135.82 and a 1-year high of $205.28. The firm has a market capitalization of $227.87 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 0.72 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. Analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Announces Dividend

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

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total value of $23,102,099.10. Following the sale, the director now owns 671,752,404 shares of the company’s stock, valued at $116,280,341,132.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the transaction, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Telekom Ag Deutsche sold 133,461 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the completion of the transaction, the director now owns 671,752,404 shares of the company’s stock, valued at approximately $116,280,341,132.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,109,346 shares of company stock valued at $198,743,322 over the last quarter. 0.67% of the stock is owned by company 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.