Navellier & Associates Inc. Purchases 25,089 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Navellier & Associates Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2,135.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,264 shares of the Wireless communications provider’s stock after purchasing an additional 25,089 shares during the period. Navellier & Associates Inc.’s holdings in T-Mobile US were worth $5,420,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. KPP Advisory Services LLC boosted its holdings in T-Mobile US by 2.6% in the third quarter. KPP Advisory Services LLC now owns 1,744 shares of the Wireless communications provider’s stock valued at $360,000 after acquiring an additional 45 shares in the last quarter. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% during the 3rd 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 in the last quarter. Davis Investment Partners LLC boosted its holdings in shares of T-Mobile US by 0.6% during the 3rd quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after buying an additional 51 shares in the last quarter. Barden Capital Management Inc. boosted its holdings in shares of T-Mobile US by 0.8% during the 3rd quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after buying an additional 54 shares in the last quarter. Finally, Compton Wealth Advisory Group LLC boosted its holdings in shares of T-Mobile US by 0.4% during the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after buying an additional 56 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Raul Marcelo Claure sold 111,882 shares of T-Mobile US stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $197.84, for a total value of $22,134,734.88. Following the transaction, the director now owns 1,828,910 shares in the company, valued at $361,831,554.40. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares in the company, valued at $24,571,741.10. This trade represents a 2.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 455,338 shares of company stock worth $95,539,866. Company insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $235.47 on Thursday. The stock’s fifty day moving average is $218.19 and its 200 day moving average is $194.11. T-Mobile US, Inc. has a fifty-two week low of $147.96 and a fifty-two week high of $242.43. The firm has a market capitalization of $273.26 billion, a PE ratio of 26.85, a PEG ratio of 1.19 and a beta of 0.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same quarter last year, the firm posted $1.82 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 29.65%.

Analyst Ratings Changes

A number of brokerages have recently commented on TMUS. Citigroup boosted their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a report on Monday, October 21st. Morgan Stanley lifted their price target on T-Mobile US from $209.00 to $239.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. KeyCorp boosted their target price on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” 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 stock a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays boosted their target price on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $241.83.

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.