Strategic Wealth Partners Ltd. Grows Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Strategic Wealth Partners Ltd. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,852 shares of the Wireless communications provider’s stock after buying an additional 377 shares during the period. Strategic Wealth Partners Ltd.’s holdings in T-Mobile US were worth $2,239,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. WASHINGTON TRUST Co raised its position 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 purchasing an additional 83 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Westside Investment Management Inc. grew its stake in shares of T-Mobile US by 75.8% in the 1st 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 last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of T-Mobile US in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent research reports. Benchmark upped their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. The Goldman Sachs Group started coverage on T-Mobile US in a research note on Monday, July 1st. They set a “buy” rating and a $200.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their target price on T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Royal Bank of Canada increased their target price on T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Barclays increased 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. Nineteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $216.36.

T-Mobile US Stock Performance

TMUS stock opened at $211.17 on Wednesday. T-Mobile US, Inc. has a 1 year low of $136.85 and a 1 year high of $212.24. The stock’s fifty day moving average price is $198.81 and its 200-day moving average price is $180.27. The company has a market cap of $247.46 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 1.07 and a beta of 0.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $19.61 billion. During the same period last year, the firm earned $1.86 EPS. T-Mobile US’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.13 earnings per share 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 issued a $0.88 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the sale, the director now directly owns 1,940,792 shares of the company’s stock, valued at $382,258,392.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Raul Marcelo Claure sold 9,586 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total value of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 306,492 shares of company stock valued at $60,161,906 over the last ninety days. 0.67% of the stock is currently owned by company insiders.

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.