Cornerstone Wealth Group LLC Buys 1,226 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cornerstone Wealth Group LLC grew its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,330 shares of the Wireless communications provider’s stock after acquiring an additional 1,226 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in T-Mobile US were worth $3,318,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TMUS. Norges Bank bought a new stake in T-Mobile US in the fourth quarter worth about $3,338,708,000. Morgan Stanley grew its position in T-Mobile US by 0.9% in the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after acquiring an additional 104,490 shares during the last quarter. Royal Bank of Canada increased its stake in T-Mobile US by 7.1% in the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares during the period. Wellington Management Group LLP lifted its holdings in T-Mobile US by 200.0% during 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 buying an additional 4,241,877 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in T-Mobile US by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock valued at $682,699,000 after buying an additional 23,800 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 170,903 shares of T-Mobile US stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $159.95, for a total value of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at approximately $108,815,058,744.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Dara Bazzano sold 4,300 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $179.78, for a total transaction of $773,054.00. Following the completion of the transaction, the chief accounting officer now directly owns 6,202 shares in the company, valued at $1,114,995.56. The disclosure for this sale can be found here. Insiders sold a total of 6,779,170 shares of company stock valued at $1,133,297,126 over the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock traded down $1.24 during midday trading on Friday, reaching $176.18. The stock had a trading volume of 5,172,283 shares, compared to its average volume of 6,700,324. The firm has a fifty day simple moving average of $169.84 and a two-hundred day simple moving average of $164.50. T-Mobile US, Inc. has a 52-week low of $131.47 and a 52-week high of $182.67. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. The stock has a market cap of $206.46 billion, a PE ratio of 23.97, a P/E/G ratio of 0.69 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company earned $1.58 earnings per share. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TMUS shares. TD Cowen lowered their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a report on Friday, April 26th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. KeyCorp lifted their price objective on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, May 29th. Finally, Oppenheimer restated an “outperform” rating and issued a $190.00 price target on shares of T-Mobile US in a report on Wednesday, April 3rd. Fourteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $190.36.

T-Mobile US 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.