Pathstone Holdings LLC Purchases 5,974 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Pathstone Holdings LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,162 shares of the Wireless communications provider’s stock after acquiring an additional 5,974 shares during the period. Pathstone Holdings LLC’s holdings in T-Mobile US were worth $16,336,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Lindenwold Advisors INC raised its position in T-Mobile US by 1.2% during the 3rd quarter. Lindenwold Advisors INC now owns 7,733 shares of the Wireless communications provider’s stock valued at $1,596,000 after purchasing an additional 88 shares during the last quarter. OneAscent Wealth Management LLC bought a new position in shares of T-Mobile US during the third quarter valued at approximately $491,000. Napa Wealth Management purchased a new stake in T-Mobile US in the third quarter worth $1,179,000. Holistic Financial Partners boosted its holdings in T-Mobile US by 5.1% in the third quarter. Holistic Financial Partners now owns 1,743 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 84 shares in the last quarter. Finally, Braun Stacey Associates Inc. increased its position in T-Mobile US by 2.5% during the 3rd quarter. Braun Stacey Associates Inc. now owns 142,723 shares of the Wireless communications provider’s stock valued at $29,452,000 after purchasing an additional 3,455 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock opened at $233.20 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. T-Mobile US, Inc. has a 1 year low of $147.24 and a 1 year high of $242.43. The company has a market cap of $270.63 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.50. The stock’s fifty day moving average price is $217.45 and its 200-day moving average price is $193.82.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.82 earnings per share. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is currently 29.65%.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares in the company, valued at $365,441,682.44. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 455,338 shares of company stock worth $95,539,866. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several research analyst reports. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer upped their target price on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, UBS Group lifted their price objective on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

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.