T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,226 shares of the Wireless communications provider's stock after purchasing an additional 1,323 shares during the quarter. Wealthfront Advisers LLC's holdings in T-Mobile US were worth $16,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Proficio Capital Partners LLC grew its position in shares of T-Mobile US by 42.5% in the 4th quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock worth $635,000 after buying an additional 858 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of T-Mobile US in the 4th quarter valued at $2,207,000. Choate Investment Advisors lifted its stake in shares of T-Mobile US by 22.7% in the 4th quarter. Choate Investment Advisors now owns 1,447 shares of the Wireless communications provider's stock valued at $319,000 after purchasing an additional 268 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of T-Mobile US by 10.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 28,181 shares of the Wireless communications provider's stock valued at $6,220,000 after purchasing an additional 2,754 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of T-Mobile US by 10.3% in the 4th quarter. Harbour Investments Inc. now owns 1,009 shares of the Wireless communications provider's stock valued at $223,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US 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 directly owned 647,660,844 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,116,990 shares of company stock worth $256,892,992 over the last quarter. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TMUS shares. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Morgan Stanley boosted their target price on shares of T-Mobile US from $265.00 to $280.00 and gave the company an "overweight" rating in a research note on Wednesday. Bank of America initiated coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a "neutral" rating and a $255.00 price objective for the company. UBS Group cut shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, KeyCorp restated an "underweight" rating and set a $200.00 price objective on shares of T-Mobile US in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $252.61.

T-Mobile US Trading Up 0.0%

TMUS stock traded up $0.02 during trading on Friday, reaching $227.05. 1,216,873 shares of the stock were exchanged, compared to its average volume of 4,085,049. The company has a current ratio of 1.16, a quick ratio of 1.08 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average price of $235.62 and a 200-day moving average price of $243.67. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The firm has a market capitalization of $257.80 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.27 and a beta of 0.62.

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

T-Mobile US Announces Dividend

The company also recently announced 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 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.