5,712 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Napa Wealth Management

Napa Wealth Management bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,712 shares of the Wireless communications provider’s stock, valued at approximately $1,179,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TMUS. Legal & General Group Plc boosted its position in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after buying an additional 303,582 shares during the period. Dimensional Fund Advisors LP increased its stake in T-Mobile US by 4.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,459,130 shares of the Wireless communications provider’s stock valued at $785,667,000 after purchasing an additional 184,059 shares during the last quarter. Boston Partners grew its holdings in shares of T-Mobile US by 1.1% during the first quarter. Boston Partners now owns 2,597,340 shares of the Wireless communications provider’s stock worth $424,025,000 after purchasing an additional 28,045 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of T-Mobile US by 5.9% in the second quarter. TD Asset Management Inc now owns 2,294,637 shares of the Wireless communications provider’s stock valued at $404,269,000 after acquiring an additional 128,241 shares during the period. Finally, Principal Financial Group Inc. grew its position in T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock worth $408,297,000 after purchasing an additional 47,350 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nestor Cano sold 11,100 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $230.75, for a total value of $2,561,325.00. Following the transaction, the executive vice president now owns 4,400 shares of the company’s stock, valued at $1,015,300. This trade represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 in the last ninety days. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

TMUS opened at $235.20 on Monday. The company has a market capitalization of $272.95 billion, a P/E ratio of 26.87, a PEG ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 1-year low of $147.24 and a 1-year high of $242.43. The company has a 50-day moving average of $215.88 and a 200-day moving average of $192.83. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The firm had revenue of $20.16 billion during the quarter, compared to analyst estimates of $20.01 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.50%. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TMUS. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Evercore ISI raised their price target on T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. KeyCorp lifted their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Bank of America upped their price objective on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.83.

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.