T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Raised by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 10.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,418 shares of the Wireless communications provider’s stock after purchasing an additional 136 shares during the quarter. Keudell Morrison Wealth Management’s holdings in T-Mobile US were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Norden Group LLC increased its position in shares of T-Mobile US by 45.8% in the first quarter. Norden Group LLC now owns 3,644 shares of the Wireless communications provider’s stock worth $595,000 after acquiring an additional 1,145 shares in the last quarter. Advisory Alpha LLC grew its position in T-Mobile US by 7.3% during the 1st quarter. Advisory Alpha LLC now owns 1,340 shares of the Wireless communications provider’s stock worth $219,000 after purchasing an additional 91 shares in the last quarter. Manchester Capital Management LLC raised its stake in T-Mobile US by 26.4% during the 1st quarter. Manchester Capital Management LLC now owns 972 shares of the Wireless communications provider’s stock valued at $159,000 after purchasing an additional 203 shares during the period. MGB Wealth Management LLC lifted its holdings in shares of T-Mobile US by 3.8% in the first quarter. MGB Wealth Management LLC now owns 2,734 shares of the Wireless communications provider’s stock valued at $446,000 after purchasing an additional 100 shares in the last quarter. Finally, CFO4Life Group LLC acquired a new position in T-Mobile US during the first quarter valued at $932,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

TMUS stock traded down $1.81 during mid-day trading on Thursday, reaching $230.38. 292,651 shares of the stock traded hands, compared to its average volume of 4,448,349. 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 business has a 50-day moving average of $210.45 and a two-hundred day moving average of $189.05. The firm has a market capitalization of $267.35 billion, a PE ratio of 26.48, a P/E/G ratio of 1.15 and a beta of 0.50. T-Mobile US, Inc. has a 52 week low of $145.77 and a 52 week high of $234.56.

T-Mobile US (NASDAQ:TMUS) last released its earnings results 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. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm 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 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts predict that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio is presently 29.65%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. TD Cowen raised their price objective on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America raised their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, KeyCorp boosted their price target on shares of T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Buying and Selling at T-Mobile US

In related news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares in the company, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 453,824 shares of company stock valued at $94,003,400 in the last ninety days. Company insiders own 0.67% of the company’s stock.

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.