Confluence Wealth Services Inc. Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Confluence Wealth Services Inc. acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,382 shares of the Wireless communications provider’s stock, valued at approximately $420,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Vanguard Group Inc. grew its holdings in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Norges Bank purchased a new position in T-Mobile US during the 4th quarter valued at about $3,338,708,000. Wellington Management Group LLP increased its holdings in shares of 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 purchasing an additional 4,241,877 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after purchasing an additional 23,800 shares in the last quarter. Finally, Putnam Investments LLC boosted its holdings in shares of T-Mobile US by 74.6% during the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after purchasing an additional 1,682,743 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup upped their target price on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. TD Cowen increased their price objective on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Scotiabank boosted their target price on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. Finally, Bank of America raised their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $198.63.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $198.72 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market cap of $231.86 billion, a P/E ratio of 27.04, a PEG ratio of 0.74 and a beta of 0.51. The company has a fifty day moving average price of $186.09 and a 200 day moving average price of $172.82. T-Mobile US, Inc. has a one year low of $132.40 and a one year high of $205.28.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to the consensus estimate of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $1.86 earnings per share. Analysts anticipate that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors 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 dividend on an annualized basis and a dividend yield of 1.31%. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the sale, the director now directly owns 671,752,404 shares in the company, valued at approximately $116,280,341,132.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other T-Mobile US news, Director Telekom Ag Deutsche sold 133,461 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total value of $23,102,099.10. Following the sale, the director now directly owns 671,752,404 shares in the company, valued at $116,280,341,132.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The disclosure for this sale can be found here. Insiders sold a total of 1,806,458 shares of company stock valued at $324,393,935 over the last ninety days. 0.67% of the stock is owned by company insiders.

T-Mobile US Company 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.