Financial Counselors Inc. Acquires New Shares in T-Mobile US, Inc. (NASDAQ:TMUS)

Financial Counselors Inc. acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,144 shares of the Wireless communications provider’s stock, valued at approximately $236,000.

Several other institutional investors also recently modified their holdings of the business. WASHINGTON TRUST Co boosted its position in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the last quarter. DT Investment Partners LLC boosted its position in T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Summit Securities Group LLC purchased a new position in T-Mobile US in the second quarter worth about $27,000. Y.D. More Investments Ltd purchased a new position in T-Mobile US in the second quarter worth about $27,000. Finally, MFA Wealth Advisors LLC boosted its position in T-Mobile US by 128.3% in the third 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 during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the transaction, the insider now directly owns 119,687 shares in the company, valued at approximately $24,571,741.10. This represents a 2.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. The trade was a 40.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,750 shares of company stock worth $72,863,634 over the last quarter. Insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TMUS shares. Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price objective on T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price objective on T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. TD Cowen lifted their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, KeyCorp lifted their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Three 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.com, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Stock Performance

T-Mobile US stock opened at $246.94 on Monday. The company’s 50-day moving average price is $223.98 and its 200-day moving average price is $198.25. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The company has a market cap of $286.57 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.26 and a beta of 0.50. T-Mobile US, Inc. has a twelve month low of $148.19 and a twelve month high of $248.15.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. On average, equities research analysts forecast that T-Mobile US, Inc. will post 9.38 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

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.