Wedmont Private Capital grew its position in T-Mobile US, Inc. (NASDAQ:TMUS – Free Report) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,320 shares of the Wireless communications provider’s stock after acquiring an additional 223 shares during the quarter. Wedmont Private Capital’s holdings in T-Mobile US were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in TMUS. Wellington Management Group LLP increased its stake in T-Mobile US by 200.0% in the 4th quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares during the last quarter. Vanguard Group Inc. increased its stake in T-Mobile US by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after acquiring an additional 1,667,778 shares during the last quarter. Clearbridge Investments LLC increased its stake in T-Mobile US by 18.8% in the 1st quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider’s stock worth $596,159,000 after acquiring an additional 578,348 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of T-Mobile US by 6.8% in the 2nd quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Finally, Blackstone Inc. purchased a new position in shares of T-Mobile US in the 1st quarter worth approximately $48,966,000. Institutional investors own 42.49% of the company’s stock.
T-Mobile US Price Performance
TMUS opened at $211.45 on Friday. T-Mobile US, Inc. has a 12-month low of $136.85 and a 12-month high of $215.18. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The business’s fifty day simple moving average is $199.40 and its 200-day simple moving average is $180.49. The company has a market capitalization of $246.72 billion, a price-to-earnings ratio of 26.50, a PEG ratio of 1.12 and a beta of 0.51.
T-Mobile US Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.66%. T-Mobile US’s dividend payout ratio is presently 32.58%.
Insider Transactions at T-Mobile US
In related news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now directly owns 119,687 shares in the company, valued at $24,571,741.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the completion of the sale, the director now directly owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 sale, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,492 shares of company stock valued at $60,161,906. 0.67% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on TMUS. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Morgan Stanley lifted their target price on T-Mobile US from $191.00 to $209.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Evercore ISI lifted their target price on T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Raymond James cut T-Mobile US from a “strong-buy” rating to an “outperform” rating and lifted their target price for the stock from $208.00 to $221.00 in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company lifted their target price on T-Mobile US from $200.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Nineteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $216.36.
Check Out Our Latest Research Report on TMUS
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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