T-Mobile US, Inc. (NASDAQ:TMUS) Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.4% during the first quarter, HoldingsChannel.com reports. The firm owned 20,330 shares of the Wireless communications provider’s stock after buying an additional 1,226 shares during the period. Cornerstone Wealth Group LLC’s holdings in T-Mobile US were worth $3,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Private Wealth Management Group LLC bought a new position in T-Mobile US during the 4th quarter valued at $27,000. Valley National Advisers Inc. lifted its position in shares of T-Mobile US by 232.1% during the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 123 shares during the last quarter. Baker Avenue Asset Management LP increased its holdings in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC acquired a new stake in T-Mobile US during the fourth quarter valued at approximately $34,000. Finally, Pinnacle Bancorp Inc. grew its position in shares of T-Mobile US by 52.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 76 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Price Performance

Shares of TMUS traded down $1.24 during trading hours on Friday, hitting $176.18. 5,172,283 shares of the company were exchanged, compared to its average volume of 6,700,324. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The company has a market capitalization of $206.46 billion, a PE ratio of 23.97, a PEG ratio of 0.69 and a beta of 0.50. The firm has a fifty day simple moving average of $169.84 and a 200-day simple moving average of $164.50. T-Mobile US, Inc. has a one year low of $131.47 and a one year high of $182.67.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results 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 during 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%. T-Mobile US’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.58 EPS. As a group, sell-side analysts predict that T-Mobile US, Inc. will post 9.01 earnings per share for the current year.

T-Mobile US Announces Dividend

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

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now owns 125,687 shares in the company, valued at $20,514,632.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other T-Mobile US news, CAO Dara Bazzano sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $179.78, for a total value of $773,054.00. Following the completion of the sale, the chief accounting officer now owns 6,202 shares in the company, valued at approximately $1,114,995.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,779,170 shares of company stock worth $1,133,297,126. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TMUS shares. Royal Bank of Canada raised their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Citigroup raised their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. TD Cowen lowered their price objective on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a research note on Wednesday, May 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $190.00 price objective on shares of T-Mobile US in a research report on Wednesday, April 3rd. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $190.36.

T-Mobile US Company 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.