CreativeOne Wealth LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

CreativeOne Wealth LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 90.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,555 shares of the Wireless communications provider’s stock after acquiring an additional 1,212 shares during the quarter. CreativeOne Wealth LLC’s holdings in T-Mobile US were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in T-Mobile US by 13.4% in the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider’s stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares during the period. Legal & General Group Plc grew its stake in shares of T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after buying an additional 303,582 shares during the last quarter. Integrated Investment Consultants LLC bought a new position in T-Mobile US during the 3rd quarter valued at approximately $53,844,000. International Assets Investment Management LLC raised its stake in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after buying an additional 248,828 shares during the last quarter. Finally, Distillate Capital Partners LLC bought a new stake in T-Mobile US in the second quarter worth $41,860,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Up 0.3 %

Shares of T-Mobile US stock opened at $246.94 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock has a market capitalization of $286.57 billion, a PE ratio of 28.16, a P/E/G ratio of 1.26 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $148.19 and a 1-year high of $248.15. The company’s fifty day simple moving average is $223.98 and its 200-day simple moving average is $198.25.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. T-Mobile US’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at $357,627,872. This trade represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock valued at $72,863,634 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TMUS. Benchmark raised their price target on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays lifted their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Tigress Financial increased their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a report on Monday, August 12th. KeyCorp boosted their price objective on shares of T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

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.