Cerity Partners LLC Has $32.90 Million Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Cerity Partners LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 123,358 shares of the Wireless communications provider's stock after purchasing an additional 5,879 shares during the period. Cerity Partners LLC's holdings in T-Mobile US were worth $32,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TMUS. Proficio Capital Partners LLC lifted its position in T-Mobile US by 42.5% during the 4th quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock worth $635,000 after acquiring an additional 858 shares during the last quarter. Moors & Cabot Inc. lifted its position in T-Mobile US by 1.5% during the 4th quarter. Moors & Cabot Inc. now owns 3,691 shares of the Wireless communications provider's stock worth $815,000 after acquiring an additional 53 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in T-Mobile US by 24.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,519 shares of the Wireless communications provider's stock worth $335,000 after acquiring an additional 298 shares during the last quarter. Farther Finance Advisors LLC lifted its position in T-Mobile US by 4.3% during the 4th quarter. Farther Finance Advisors LLC now owns 3,942 shares of the Wireless communications provider's stock worth $870,000 after acquiring an additional 164 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in T-Mobile US by 0.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 192,866 shares of the Wireless communications provider's stock worth $42,571,000 after acquiring an additional 587 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 907,470 shares of company stock worth $209,055,386 in the last quarter. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research report on Friday, March 21st. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price for the company in a research report on Monday, July 7th. KeyCorp reaffirmed an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America initiated coverage on shares of T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, T-Mobile US currently has an average rating of "Moderate Buy" and a consensus price target of $252.61.

T-Mobile US Price Performance

T-Mobile US stock traded up $2.72 during trading hours on Wednesday, hitting $228.74. 5,792,157 shares of the stock were exchanged, compared to its average volume of 4,108,035. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The stock has a market capitalization of $259.72 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The business's 50-day moving average is $236.49 and its two-hundred day moving average is $243.73.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.10. The firm had revenue of $20.89 billion for the quarter, compared to analysts' expectations 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 quarterly 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. Equities research analysts expect that T-Mobile US, Inc. will post 10.37 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, September 11th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.54%. T-Mobile US's dividend payout ratio is 34.34%.

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.