8,381 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Bought by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,381 shares of the Wireless communications provider’s stock, valued at approximately $1,350,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Wealth Management Group LLC acquired a new position in T-Mobile US in the fourth quarter valued at $27,000. Valley National Advisers Inc. increased its stake in T-Mobile US by 232.1% in the fourth quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 123 shares during the period. Baker Avenue Asset Management LP increased its stake in T-Mobile US by 63.3% in the third quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the period. Bay Harbor Wealth Management LLC acquired a new position in T-Mobile US in the fourth quarter valued at $34,000. Finally, Raleigh Capital Management Inc. increased its stake in T-Mobile US by 54.5% in the third quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 90 shares during the period. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Telekom Ag Deutsche sold 227,604 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $172.65, for a total transaction of $39,295,830.60. Following the completion of the transaction, the director now owns 673,251,489 shares of the company’s stock, valued at $116,236,869,575.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the completion of the sale, the insider now directly owns 125,687 shares of the company’s stock, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Insiders sold a total of 6,731,610 shares of company stock valued at $1,113,131,929 over the last 90 days. Insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TMUS. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a research note on Wednesday, May 29th. Royal Bank of Canada lifted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Bank of America lifted their target price on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a report on Monday, June 10th. KeyCorp lifted their target price on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, TD Cowen lowered their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Fourteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average price target of $190.36.

Read Our Latest Report on TMUS

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $0.01 on Tuesday, hitting $177.39. The company’s stock had a trading volume of 378,806 shares, compared to its average volume of 4,764,673. T-Mobile US, Inc. has a 12-month low of $129.84 and a 12-month high of $182.67. The company has a market capitalization of $207.87 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 0.68 and a beta of 0.50. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a 50 day moving average of $166.87 and a 200-day moving average of $163.21.

T-Mobile US (NASDAQ:TMUSGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. During the same quarter in the prior year, the firm earned $1.58 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.47%. T-Mobile US’s dividend payout ratio is presently 35.37%.

T-Mobile US Profile

(Free Report)

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.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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