Cyrus J. Lawrence LLC Purchases 243 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cyrus J. Lawrence LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,629 shares of the Wireless communications provider’s stock after buying an additional 243 shares during the quarter. T-Mobile US accounts for 2.3% of Cyrus J. Lawrence LLC’s holdings, making the stock its 15th largest holding. Cyrus J. Lawrence LLC’s holdings in T-Mobile US were worth $11,562,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. WASHINGTON TRUST Co grew 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 worth $25,000 after acquiring an additional 83 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US during the second quarter valued at approximately $27,000. Summit Securities Group LLC purchased a new position in T-Mobile US during the second quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in T-Mobile US in the second quarter worth approximately $30,000. Finally, Westside Investment Management Inc. lifted its holdings in T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 75 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $199.44 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 52 week low of $135.82 and a 52 week high of $206.30. The stock’s 50-day moving average price is $192.29 and its 200-day moving average price is $176.60. The stock has a market capitalization 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 (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS 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 company had revenue of $19.77 billion for the quarter, compared to analyst estimates of $19.61 billion. During the same period last year, the company earned $1.86 earnings per share. T-Mobile US’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.76%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is 35.37%.

Insider Buying and Selling

In other news, Director Raul Marcelo Claure sold 132,309 shares of the business’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 approximately $305,183,874.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total transaction of $532,770.00. Following the transaction, the insider now directly owns 122,687 shares in the company, valued at $21,787,984.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 573,414 shares of company stock worth $107,147,801. 0.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Bank of America raised their price target on T-Mobile US from $175.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, June 10th. TD Cowen upped their price objective on shares of T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. KeyCorp increased their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. 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 MarketBeat, T-Mobile US currently has an average rating of “Buy” and an average price target of $211.92.

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.