Reaves W H & Co. Inc. Purchases 89,331 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Reaves W H & Co. Inc. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 39.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 316,043 shares of the Wireless communications provider's stock after purchasing an additional 89,331 shares during the period. Reaves W H & Co. Inc.'s holdings in T-Mobile US were worth $50,671,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC raised its holdings in shares of T-Mobile US by 11.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,384 shares of the Wireless communications provider's stock worth $334,000 after buying an additional 249 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of T-Mobile US during the third quarter worth $26,000. Mackenzie Financial Corp boosted its holdings in T-Mobile US by 9.3% in the third quarter. Mackenzie Financial Corp now owns 206,956 shares of the Wireless communications provider's stock valued at $28,235,000 after acquiring an additional 17,596 shares during the last quarter. NBT Bank N A NY acquired a new stake in T-Mobile US in the third quarter worth about $210,000. Finally, Chicago Partners Investment Group LLC raised its stake in shares of T-Mobile US by 3.1% during the third quarter. Chicago Partners Investment Group LLC now owns 13,118 shares of the Wireless communications provider's stock worth $1,807,000 after buying an additional 395 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Price Performance

TMUS traded down $0.48 on Friday, hitting $164.20. 3,049,323 shares of the stock were exchanged, compared to its average volume of 4,545,061. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The firm has a market capitalization of $192.42 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 0.63 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. The business has a 50-day moving average of $162.62 and a two-hundred day moving average of $158.41.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.17. The company had revenue of $19.59 billion during the quarter, compared to analysts' expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS. Sell-side analysts forecast that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US's payout ratio is 35.37%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TMUS shares. Wells Fargo & Company raised their target price on T-Mobile US from $175.00 to $185.00 and gave the stock an "overweight" rating in a report on Monday, January 22nd. Raymond James increased their target price on T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 26th. Tigress Financial lifted their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. TD Cowen dropped their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a "buy" rating on the stock in a report on Friday, April 26th. Finally, Morgan Stanley increased their price objective on T-Mobile US from $180.00 to $186.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $186.33.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the company's stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $163.21, for a total value of $30,956,040.70. Following the completion of the transaction, the director now owns 676,589,681 shares of the company's stock, valued at approximately $110,426,201,836.01. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Telekom Ag Deutsche sold 189,670 shares of the business's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $163.21, for a total value of $30,956,040.70. Following the sale, the director now owns 676,589,681 shares of the company's stock, valued at $110,426,201,836.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of T-Mobile US stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the transaction, the chief executive officer now directly owns 496,036 shares in the company, valued at $79,886,597.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,531,917 shares of company stock valued at $1,061,772,064. 0.70% of the stock is currently owned by insiders.

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.

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