T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by First Business Financial Services Inc.

First Business Financial Services Inc. grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,343 shares of the Wireless communications provider’s stock after purchasing an additional 1,015 shares during the period. T-Mobile US accounts for about 0.3% of First Business Financial Services Inc.’s investment portfolio, making the stock its 28th largest position. First Business Financial Services Inc.’s holdings in T-Mobile US were worth $2,960,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on TMUS. Citigroup boosted their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Oppenheimer upped their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Morgan Stanley increased their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.83.

T-Mobile US Price Performance

TMUS stock opened at $237.75 on Friday. The stock’s 50 day moving average is $214.22 and its two-hundred day moving average is $191.62. T-Mobile US, Inc. has a 52-week low of $145.77 and a 52-week high of $242.43. The company has a market capitalization of $275.91 billion, a PE ratio of 27.11, a P/E/G ratio of 1.23 and a beta of 0.50. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’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 EPS. Analysts predict that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 29.65%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This trade represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raul Marcelo Claure sold 111,882 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 1,828,910 shares in the company, valued at $361,831,554.40. The trade was a 5.76 % 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 over the last 90 days. Insiders own 0.67% of the company’s stock.

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.