CW Advisors LLC increased its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 116.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,857 shares of the Wireless communications provider’s stock after acquiring an additional 13,910 shares during the quarter. CW Advisors LLC’s holdings in T-Mobile US were worth $6,157,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Weaver Capital Management LLC raised its position in shares of T-Mobile US by 0.6% during the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock worth $1,605,000 after purchasing an additional 42 shares during the period. Haven Private LLC lifted its stake in T-Mobile US by 1.3% in the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after buying an additional 42 shares during the last quarter. Bank of Stockton boosted its holdings in shares of T-Mobile US by 1.2% during the second quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock valued at $906,000 after acquiring an additional 44 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of T-Mobile US by 0.9% during the second quarter. Richardson Financial Services Inc. now owns 4,899 shares of the Wireless communications provider’s stock valued at $1,183,000 after acquiring an additional 45 shares during the period. Finally, Cetera Trust Company N.A grew its position in shares of T-Mobile US by 0.4% during the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock worth $2,863,000 after acquiring an additional 45 shares during the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.
T-Mobile US Stock Up 0.8%
Shares of TMUS stock opened at $209.63 on Friday. T-Mobile US, Inc. has a 1 year low of $199.41 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The business’s fifty day moving average is $217.33 and its 200-day moving average is $232.22. The stock has a market cap of $234.47 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.44.
T-Mobile US Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, February 27th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. T-Mobile US’s dividend payout ratio (DPR) is 39.23%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on TMUS. TD Cowen reduced their target price on shares of T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Wolfe Research reduced their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Daiwa Capital Markets reduced their price target on T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group assumed coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $266.83.
Check Out Our Latest Stock Analysis on TMUS
Insider Activity
In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $240.08, for a total transaction of $16,767,187.20. Following the completion of the sale, the director directly owned 635,014,604 shares of the company’s stock, valued at $152,454,306,128.32. This represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 1,439,821 shares of company stock valued at $334,026,480. Insiders own 0.37% 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.
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