T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 142,723 shares of the Wireless communications provider’s stock after acquiring an additional 3,455 shares during the period. T-Mobile US accounts for about 1.1% of Braun Stacey Associates Inc.’s holdings, making the stock its 22nd biggest position. Braun Stacey Associates Inc.’s holdings in T-Mobile US were worth $29,452,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its position in T-Mobile US by 21,580.9% in the 3rd 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. Victory Capital Management Inc. boosted its position in T-Mobile US by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 937,085 shares of the Wireless communications provider’s stock valued at $193,377,000 after buying an additional 8,101 shares during the last quarter. NewEdge Advisors LLC boosted its position in T-Mobile US by 13.6% in the 2nd quarter. NewEdge Advisors LLC now owns 211,059 shares of the Wireless communications provider’s stock valued at $37,184,000 after buying an additional 25,217 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its position in T-Mobile US by 84.6% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 223,997 shares of the Wireless communications provider’s stock valued at $46,224,000 after buying an additional 102,663 shares during the last quarter. Finally, Fiera Capital Corp purchased a new position in T-Mobile US in the 3rd quarter valued at about $483,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, EVP Nestor Cano sold 11,100 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the sale, the executive vice president now directly owns 4,400 shares in the company, valued at $1,015,300. This trade represents a 71.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 464,924 shares of company stock worth $97,427,925 in the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Evercore ISI upped their target price on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wells Fargo & Company upped their target price on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Oppenheimer upped their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen increased their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Trading Down 0.9 %

Shares of NASDAQ:TMUS opened at $235.61 on Monday. The stock has a market capitalization of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $147.07 and a 1-year high of $242.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The company has a 50 day moving average price of $215.88 and a 200 day moving average price of $192.83.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS 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. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 40.14%.

About T-Mobile US

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.