AE Wealth Management LLC Has $2.96 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

AE Wealth Management LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,792 shares of the Wireless communications provider’s stock after buying an additional 657 shares during the period. AE Wealth Management LLC’s holdings in T-Mobile US were worth $2,958,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in T-Mobile US by 200.0% in the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after purchasing an additional 4,241,877 shares in the last quarter. Putnam Investments LLC grew its holdings in T-Mobile US by 74.6% during the 4th quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock worth $631,575,000 after acquiring an additional 1,682,743 shares during the last quarter. Vanguard Group Inc. increased its position 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 valued at $7,351,811,000 after acquiring an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of T-Mobile US by 18.8% in the first 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. Finally, Capital International Investors lifted its position in shares of T-Mobile US by 27.1% during the fourth quarter. Capital International Investors now owns 2,660,314 shares of the Wireless communications provider’s stock worth $426,528,000 after purchasing an additional 567,390 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other T-Mobile US news, Director Raul Marcelo Claure sold 1,572 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The disclosure for this sale can be found here. Insiders have sold a total of 573,414 shares of company stock worth $107,147,801 over the last ninety days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $199.44 on Monday. 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. The company has a market capitalization of $233.71 billion, a PE ratio of 27.13, a PEG ratio of 0.74 and a beta of 0.51. The stock’s fifty day simple moving average is $192.29 and its 200 day simple moving average is $176.60.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business 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 business posted $1.86 EPS. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, research analysts predict that T-Mobile US, Inc. will post 9.18 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed 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 is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.76%. T-Mobile US’s dividend payout ratio is currently 35.37%.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. KeyCorp raised their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Tigress Financial boosted their target price on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Benchmark upped their price target on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday. Scotiabank lifted their price objective on T-Mobile US from $197.00 to $215.50 and gave the stock a “sector outperform” rating in a research report on Thursday. Finally, Bank of America upped their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Eighteen analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $211.92.

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.