Crossmark Global Holdings Inc. Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Crossmark Global Holdings Inc. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 80,353 shares of the Wireless communications provider’s stock after buying an additional 5,410 shares during the period. Crossmark Global Holdings Inc.’s holdings in T-Mobile US were worth $16,581,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. DT Investment Partners LLC grew its holdings in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the last quarter. MFA Wealth Advisors LLC grew its stake in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. WASHINGTON TRUST Co grew its stake in T-Mobile US by 143.1% in 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 T-Mobile US in the 2nd quarter worth about $27,000. Finally, Summit Securities Group LLC bought a new position in T-Mobile US in the 2nd quarter worth about $27,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of a number of research analyst reports. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Oppenheimer upped their price target on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America upped their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Tigress Financial upped their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $3.82 during midday trading on Friday, reaching $235.31. The company had a trading volume of 3,452,218 shares, compared to its average volume of 3,779,871. The business’s 50-day simple moving average is $211.81 and its 200 day simple moving average is $189.86. The stock has a market cap of $273.07 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.19 and a beta of 0.50. T-Mobile US, Inc. has a 1 year low of $145.77 and a 1 year high of $236.74. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $1.82 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares of the company’s stock, valued at approximately $323,262,057.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Raul Marcelo Claure sold 110,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the sale, the director now owns 1,441,204 shares in the company, valued at $323,262,057.20. This 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. Also, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the completion of the sale, the chief financial officer now owns 61,307 shares in the company, valued at $14,318,249.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 453,824 shares of company stock valued at $94,003,400. Insiders own 0.67% of the company’s stock.

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.