MAI Capital Management Purchases 2,215 Shares of T-Mobile US, Inc. $TMUS

Key Points

• MAI Capital Management increased its stake in T-Mobile US, Inc. by 5.4%, acquiring an additional 2,215 shares and bringing its total holdings to 43,244 shares valued at approximately $11.5 million.
• Wall Street analysts are optimistic about T-Mobile US, with firms like JPMorgan and Morgan Stanley raising their price targets to between $280.00 and $285.00, reflecting a strong overall sentiment.
• T-Mobile US recently declared a quarterly dividend of $0.88 per share, which represents an annualized yield of about 1.4% and indicates the company's stable financial position.

MAI Capital Management raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,244 shares of the Wireless communications provider's stock after purchasing an additional 2,215 shares during the quarter. MAI Capital Management's holdings in T-Mobile US were worth $11,534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP raised its stake in shares of T-Mobile US by 976.2% in the first quarter. Quarry LP now owns 904 shares of the Wireless communications provider's stock valued at $241,000 after acquiring an additional 820 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of T-Mobile US in the first quarter valued at approximately $215,000. Saudi Central Bank bought a new position in shares of T-Mobile US in the first quarter valued at approximately $55,000. DRW Securities LLC raised its stake in shares of T-Mobile US by 170.5% in the first quarter. DRW Securities LLC now owns 6,733 shares of the Wireless communications provider's stock valued at $1,796,000 after acquiring an additional 4,244 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of T-Mobile US by 4.4% in the first quarter. Baird Financial Group Inc. now owns 153,173 shares of the Wireless communications provider's stock valued at $40,853,000 after acquiring an additional 6,423 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Down 0.2%

NASDAQ TMUS traded down $0.54 on Thursday, reaching $252.12. The company had a trading volume of 3,348,813 shares, compared to its average volume of 4,304,130. The firm has a market capitalization of $283.74 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 1.38 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 1-year low of $192.61 and a 1-year high of $276.49. The company's fifty day moving average is $242.26 and its 200-day moving average is $247.81.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion during the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.49 EPS. On average, research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on shares of T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Redburn Atlantic upgraded 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 note on Monday, July 7th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday. They issued a "buy" rating and a $286.00 price objective for the company. Royal Bank Of Canada boosted their price objective on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Finally, Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $258.02.

Insiders Place Their Bets

In other T-Mobile US news, insider Michael J. Katz sold 2,500 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $251.12, for a total transaction of $627,800.00. Following the sale, the insider directly owned 158,703 shares of the company's stock, valued at $39,853,497.36. The trade was a 1.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO G Michael Sievert sold 22,500 shares of the business's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $255.58, for a total transaction of $5,750,550.00. Following the sale, the chief executive officer directly owned 358,722 shares in the company, valued at $91,682,168.76. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,488,250 shares of company stock valued at $593,252,506 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

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.