T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Secure Asset Management LLC

Secure Asset Management LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,270 shares of the Wireless communications provider’s stock after buying an additional 108 shares during the quarter. Secure Asset Management LLC’s holdings in T-Mobile US were worth $468,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bleakley Financial Group LLC lifted its holdings in T-Mobile US by 1.6% in the third quarter. Bleakley Financial Group LLC now owns 9,001 shares of the Wireless communications provider’s stock valued at $1,858,000 after acquiring an additional 144 shares during the period. Global Retirement Partners LLC lifted its stake in shares of T-Mobile US by 12.9% in the third quarter. Global Retirement Partners LLC now owns 7,718 shares of the Wireless communications provider’s stock valued at $1,593,000 after purchasing an additional 884 shares during the period. Good Life Advisors LLC purchased a new stake in T-Mobile US during the third quarter worth about $314,000. Gruss & Co. LLC acquired a new position in T-Mobile US during the third quarter worth about $206,000. Finally, Transform Wealth LLC increased its holdings in T-Mobile US by 41.9% in the third quarter. Transform Wealth LLC now owns 46,288 shares of the Wireless communications provider’s stock valued at $9,552,000 after buying an additional 13,677 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TMUS. Barclays upped their price target on T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Oppenheimer boosted their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Royal Bank of Canada raised their target price on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Sanford C. Bernstein raised shares of T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Evercore ISI raised their price objective on shares of T-Mobile US from $210.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $217.50.

Insider Transactions at T-Mobile US

In related news, insider Jon Freier sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the transaction, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. 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 related news, insider Jon Freier sold 10,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 9,586 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total value of $1,888,058.56. Following the transaction, the director now owns 1,940,792 shares in the company, valued at approximately $382,258,392.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Price Performance

TMUS opened at $223.21 on Friday. T-Mobile US, Inc. has a 1 year low of $136.85 and a 1 year high of $223.45. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The company’s 50 day simple moving average is $203.23 and its 200 day simple moving average is $183.05. The stock has a market capitalization of $261.57 billion, a PE ratio of 30.37, a P/E/G ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period in the prior year, the firm posted $1.86 EPS. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 9.14 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is currently 47.89%.

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.