Perigon Wealth Management LLC Raises Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Perigon Wealth Management LLC raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,636 shares of the Wireless communications provider’s stock after purchasing an additional 215 shares during the period. Perigon Wealth Management LLC’s holdings in T-Mobile US were worth $785,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TMUS. DT Investment Partners LLC raised its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares during the last quarter. Dunhill Financial LLC raised its position in shares of T-Mobile US by 76.7% in the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. MFA Wealth Advisors LLC boosted 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 purchasing an additional 77 shares in the last quarter. Legacy Investment Solutions LLC purchased a new stake in T-Mobile US during the 3rd quarter valued at about $34,000. Finally, Planning Capital Management Corp increased its stake in T-Mobile US by 134.7% during the 3rd quarter. Planning Capital Management Corp now owns 176 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. This represents a 5.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Letitia A. Long sold 1,100 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $231.08, for a total value of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares in the company, valued at $1,306,295.24. This represents a 16.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,200 shares of company stock worth $32,736,303 in the last three months. 0.67% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $232.97 on Friday. The firm’s 50 day simple moving average is $226.32 and its two-hundred day simple moving average is $212.97. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $270.36 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.17 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.00%. Research analysts expect that T-Mobile US, Inc. will post 10.15 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be issued a $0.88 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a yield of 1.51%. T-Mobile US’s dividend payout ratio is presently 36.40%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TMUS shares. TD Cowen increased their price target on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Tigress Financial increased their price objective on T-Mobile US from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $250.21.

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.