Wedmont Private Capital Raises Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Wedmont Private Capital lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,739 shares of the Wireless communications provider’s stock after purchasing an additional 419 shares during the quarter. Wedmont Private Capital’s holdings in T-Mobile US were worth $1,424,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TMUS. Barclays PLC raised its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. International Assets Investment Management LLC raised its position in T-Mobile US by 21,580.9% during the third quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after purchasing an additional 248,828 shares during the period. Swedbank AB lifted its stake in shares of T-Mobile US by 5.1% in the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares during the last quarter. Passumpsic Savings Bank bought a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $2,634,000. Finally, Nordea Investment Management AB raised its holdings in T-Mobile US by 36.9% during the 4th quarter. Nordea Investment Management AB now owns 1,473,540 shares of the Wireless communications provider’s stock valued at $324,960,000 after buying an additional 397,345 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on TMUS shares. Morgan Stanley started coverage on shares of T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price objective on the stock. Evercore ISI increased their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group boosted their target price on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America increased their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company cut T-Mobile US from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $240.00 to $220.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS opened at $213.46 on Tuesday. The firm has a 50 day moving average of $230.19 and a 200 day moving average of $209.64. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $247.72 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 1.18 and a beta of 0.56. T-Mobile US, Inc. has a 52 week low of $158.84 and a 52 week high of $248.15.

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

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s payout ratio is currently 40.14%.

Insider Buying and Selling

In related news, CFO Peter Osvaldik sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at $14,318,249.85. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total value of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This represents a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 206,969 shares of company stock worth $46,656,527 in the last 90 days. 0.67% of the stock is owned by corporate 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.