Bartlett & CO. Wealth Management LLC Buys 19,602 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Bartlett & CO. Wealth Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 33.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,171 shares of the Wireless communications provider's stock after purchasing an additional 19,602 shares during the period. Bartlett & CO. Wealth Management LLC's holdings in T-Mobile US were worth $20,849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of T-Mobile US in the 4th quarter worth $1,802,393,000. GAMMA Investing LLC lifted its stake in shares of T-Mobile US by 29,289.4% in the first quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after buying an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of T-Mobile US in the 4th quarter worth about $452,721,000. Finally, Capital International Investors lifted its position in T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $230.16, for a total transaction of $16,074,374.40. Following the sale, the director now owns 588,274,099 shares of the company's stock, valued at approximately $135,397,166,625.84. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 419,040 shares of company stock valued at $94,880,434. Company insiders own 0.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Wall Street Zen downgraded T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Benchmark restated a "buy" rating and set a $275.00 price objective on shares of T-Mobile US in a research note on Thursday, March 27th. Royal Bank Of Canada lifted their price objective on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Stock Up 0.2%

TMUS stock opened at $231.42 on Friday. The stock has a fifty day moving average of $240.54 and a 200-day moving average of $242.79. T-Mobile US, Inc. has a fifty-two week low of $173.74 and a fifty-two week high of $276.49. The company has a market capitalization of $262.76 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 1.27 and a beta of 0.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The company's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. As a group, equities research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Friday, August 29th. T-Mobile US's payout ratio is currently 34.34%.

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.

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