KCM Investment Advisors LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

KCM Investment Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,918 shares of the Wireless communications provider’s stock after purchasing an additional 821 shares during the quarter. KCM Investment Advisors LLC’s holdings in T-Mobile US were worth $3,285,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. DT Investment Partners LLC boosted its holdings in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the period. MFA Wealth Advisors LLC increased its position in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares during the period. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new position in T-Mobile US during the 2nd quarter worth $27,000. Finally, Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.9 %

T-Mobile US stock opened at $235.61 on Friday. The stock’s 50 day simple moving average is $215.88 and its two-hundred day simple moving average is $192.44. T-Mobile US, Inc. has a 12 month low of $147.07 and a 12 month high of $242.43. The firm has a market cap of $273.42 billion, a PE ratio of 26.87, a P/E/G ratio of 1.23 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is presently 29.65%.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $197.84, for a total value of $22,134,734.88. Following the transaction, the director now owns 1,828,910 shares of the company’s stock, valued at $361,831,554.40. This represents a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 464,924 shares of company stock valued at $97,427,925. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TMUS shares. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a report on Friday, October 25th. Barclays upped their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

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.