1,126 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Bought by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC acquired a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,126 shares of the Wireless communications provider’s stock, valued at approximately $232,000.

Other large investors have also recently made changes to their positions in the company. WASHINGTON TRUST Co increased its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new stake in T-Mobile US during the 2nd quarter valued at $27,000. Y.D. More Investments Ltd bought a new stake in T-Mobile US in the second quarter worth $27,000. Westside Investment Management Inc. boosted its stake in T-Mobile US by 75.8% during the first 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 period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in T-Mobile US during the second quarter valued at $30,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on TMUS. Scotiabank lifted their price target on shares of T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. boosted their target price on T-Mobile US from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Benchmark boosted their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Citigroup increased their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $216.36.

T-Mobile US Trading Up 0.8 %

TMUS opened at $213.04 on Friday. T-Mobile US, Inc. has a 12 month low of $136.85 and a 12 month high of $215.18. The stock has a fifty day moving average price of $200.37 and a 200-day moving average price of $181.21. The firm has a market cap of $249.65 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.12 and a beta of 0.51. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

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. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 3.0% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 47.89%.

Insider Transactions at T-Mobile US

In other news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jon Freier sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 9,586 shares of T-Mobile US stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 306,492 shares of company stock valued at $60,161,906. Corporate 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.