T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Commonwealth Equity Services LLC

Key Points

• Commonwealth Equity Services LLC increased its stake in T-Mobile US by 16.6%, owning 224,829 shares now valued at $59.96 million after purchasing an additional 31,963 shares.
• In recent analyst updates, T-Mobile US received several price target increases, with Morgan Stanley raising its target from $265 to $285 and maintaining an "overweight" rating.
• The company announced a quarterly dividend of $0.88 per share, with a record date of August 29th, representing a 1.5% annualized dividend yield.

Commonwealth Equity Services LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 224,829 shares of the Wireless communications provider's stock after buying an additional 31,963 shares during the period. Commonwealth Equity Services LLC's holdings in T-Mobile US were worth $59,964,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TMUS. Godsey & Gibb Inc. boosted its stake in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 60 shares in the last quarter. TCTC Holdings LLC boosted its stake in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after buying an additional 77 shares in the last quarter. Adirondack Trust Co. boosted its stake in shares of T-Mobile US by 366.7% in the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 110 shares in the last quarter. City Holding Co. boosted its stake in shares of T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after buying an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMUS. Scotiabank upgraded T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada upped their target price on T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. upped their target price on T-Mobile US from $270.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Finally, Rothschild & Co Redburn upgraded T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the business's stock in a transaction dated 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 owned 647,660,844 shares in the company, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,555,330 shares of company stock valued at $360,568,811 in the last 90 days. 0.37% of the stock is currently owned by insiders.

T-Mobile US Trading Up 1.6%

Shares of TMUS stock opened at $241.01 on Tuesday. T-Mobile US, Inc. has a 52-week low of $185.39 and a 52-week high of $276.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a 50-day simple moving average of $234.85 and a two-hundred day simple moving average of $245.89. The company has a market capitalization of $271.24 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.30 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The company had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same period last year, the firm earned $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

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 given a $0.88 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.5%. T-Mobile US's payout ratio is presently 33.21%.

About T-Mobile US

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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