Wilmington Savings Fund Society FSB Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Wilmington Savings Fund Society FSB bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,663 shares of the Wireless communications provider’s stock, valued at approximately $1,375,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James & Associates lifted its position in shares of T-Mobile US by 2.0% during the 2nd quarter. Raymond James & Associates now owns 1,101,307 shares of the Wireless communications provider’s stock valued at $194,028,000 after acquiring an additional 21,377 shares during the last quarter. MONECO Advisors LLC lifted its holdings in shares of T-Mobile US by 3.7% during the second quarter. MONECO Advisors LLC now owns 2,371 shares of the Wireless communications provider’s stock valued at $418,000 after purchasing an additional 85 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of T-Mobile US by 26.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 178,038 shares of the Wireless communications provider’s stock valued at $31,367,000 after purchasing an additional 37,195 shares during the period. Platte River Wealth Advisors LLC purchased a new position in T-Mobile US in the 2nd quarter worth about $241,000. Finally, Apollon Wealth Management LLC increased its stake in T-Mobile US by 11.3% in the 2nd quarter. Apollon Wealth Management LLC now owns 13,110 shares of the Wireless communications provider’s stock worth $2,310,000 after purchasing an additional 1,330 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. The trade was a 2.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,869 shares of company stock worth $47,018,239 in the last quarter. 0.67% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on TMUS. Scotiabank lifted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. Morgan Stanley boosted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Barclays lifted their price target on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Bank of America boosted their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein started coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Five analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $245.42.

T-Mobile US Stock Down 0.6 %

Shares of TMUS opened at $231.94 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $230.57 and a two-hundred day moving average price of $203.14. T-Mobile US, Inc. has a 12 month low of $153.84 and a 12 month high of $248.15. The stock has a market cap of $269.16 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.20 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data 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 firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. T-Mobile US’s payout ratio is 40.14%.

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.