Buckley Wealth Management LLC Acquires 197 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Buckley Wealth Management LLC boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,368 shares of the Wireless communications provider’s stock after purchasing an additional 197 shares during the quarter. Buckley Wealth Management LLC’s holdings in T-Mobile US were worth $1,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. WASHINGTON TRUST Co increased its position in shares of T-Mobile US by 143.1% during the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares during the last quarter. Y.D. More Investments Ltd bought a new position in T-Mobile US during the second quarter valued at $27,000. Summit Securities Group LLC purchased a new stake in shares of T-Mobile US in the second quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $30,000. Finally, Westside Investment Management Inc. lifted its stake in T-Mobile US by 75.8% in the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Stock Up 0.6 %

NASDAQ:TMUS traded up $1.26 during midday trading on Friday, reaching $223.21. 3,334,391 shares of the stock traded hands, compared to its average volume of 4,478,292. The business has a 50-day moving average of $203.23 and a two-hundred day moving average of $183.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. T-Mobile US, Inc. has a 12-month low of $136.85 and a 12-month high of $223.45. The stock has a market capitalization of $261.57 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the firm earned $1.86 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio is 47.89%.

Insider Activity

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Deeanne King sold 15,437 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares in the company, valued at $6,761,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock worth $69,411,130 over the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Barclays raised their target price on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. KeyCorp boosted their price target on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Citigroup raised their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, TD Cowen upped their target price on T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, T-Mobile US has an average rating of “Buy” and an average target price of $217.50.

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.