242 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Rise Advisors LLC

Rise Advisors LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 242 shares of the Wireless communications provider’s stock, valued at approximately $39,000.

Several other large investors have also made changes to their positions in the business. Norges Bank acquired a new position in T-Mobile US in the 4th quarter valued at approximately $3,338,708,000. Wellington Management Group LLP raised its holdings 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 valued at $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Clearbridge Investments LLC raised its holdings in T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after acquiring an additional 2,071,489 shares in the last quarter. Putnam Investments LLC raised its holdings in T-Mobile US by 74.6% in the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after acquiring an additional 1,682,743 shares in the last quarter. Finally, Third Point LLC acquired a new position in T-Mobile US in the 3rd quarter valued at approximately $140,050,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction on Monday, June 17th. The stock was sold at an average price of $177.16, for a total value of $23,643,950.76. Following the completion of the sale, the director now directly owns 671,345,972 shares of the company’s stock, valued at approximately $118,935,652,399.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the transaction, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $177.16, for a total value of $23,643,950.76. Following the completion of the transaction, the director now owns 671,345,972 shares in the company, valued at $118,935,652,399.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,624,666 shares of company stock valued at $1,100,149,801. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.7 %

NASDAQ TMUS opened at $176.44 on Friday. The stock has a fifty day moving average of $167.86 and a 200-day moving average of $163.58. The stock has a market capitalization of $206.76 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 0.69 and a beta of 0.50. T-Mobile US, Inc. has a 52 week low of $130.99 and a 52 week high of $182.67. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.58 EPS. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.47%. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TMUS shares. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 29th. Royal Bank of Canada increased their target price on T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. KeyCorp increased their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Thursday, June 13th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of “Buy” and a consensus price target of $190.36.

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.