Watershed Private Wealth LLC Invests $222,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Watershed Private Wealth LLC bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,077 shares of the Wireless communications provider’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TMUS. WASHINGTON TRUST Co lifted its stake in T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 83 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Summit Securities Group LLC acquired a new position in T-Mobile US in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in T-Mobile US during the 2nd quarter worth approximately $30,000. Finally, Westside Investment Management Inc. raised its stake in T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 75 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TMUS has been the subject of several research analyst reports. The Goldman Sachs Group assumed coverage on T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price objective for the company. KeyCorp raised their price target on shares of T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Evercore ISI boosted their price target on shares of T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Citigroup increased their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Nineteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $216.36.

T-Mobile US Stock Performance

NASDAQ TMUS traded up $1.42 during trading on Tuesday, hitting $217.33. The company’s stock had a trading volume of 2,006,149 shares, compared to its average volume of 4,492,445. T-Mobile US, Inc. has a 52 week low of $136.85 and a 52 week high of $218.33. The firm has a market cap of $254.68 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. The firm has a 50 day moving average price of $200.96 and a 200 day moving average price of $181.71. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, beating the consensus estimate of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. During the same period in the prior year, the company earned $1.86 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company 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. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.52 annualized dividend and a yield of 1.62%. T-Mobile US’s dividend payout ratio is 47.89%.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Raul Marcelo Claure sold 1,572 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $196.00, for a total value of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at approximately $357,627,872. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the transaction, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 306,492 shares of company stock worth $60,161,906. 0.67% of the stock is currently owned by company insiders.

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.