Alaethes Wealth LLC Acquires 237 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Alaethes Wealth LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,786 shares of the Wireless communications provider’s stock after purchasing an additional 237 shares during the period. Alaethes Wealth LLC’s holdings in T-Mobile US were worth $1,900,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WASHINGTON TRUST Co raised its holdings in T-Mobile US by 143.1% during 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 last quarter. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US during the second quarter valued at about $27,000. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of T-Mobile US during the second quarter worth about $30,000. Finally, Westside Investment Management Inc. grew its stake in shares of T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, EVP Deeanne King sold 15,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the transaction, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total transaction of $26,030,472.66. Following the transaction, the director now directly owns 1,551,204 shares in the company, valued at $305,183,874.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 706,875 shares of company stock worth $130,909,198. Insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. 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 report on Thursday, July 18th. Benchmark boosted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group assumed coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. KeyCorp upped their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Finally, Barclays raised their target price on T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Eighteen investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $211.92.

T-Mobile US Trading Down 0.1 %

Shares of NASDAQ:TMUS opened at $199.44 on Friday. The stock has a 50 day moving average of $192.29 and a 200 day moving average of $176.46. The company has a market cap of $233.71 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. T-Mobile US, Inc. has a 12-month low of $135.82 and a 12-month high of $206.30. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22.

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, beating analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the company earned $1.86 EPS. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.76%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

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.