Tower Bridge Advisors Acquires 98 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Tower Bridge Advisors increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,686 shares of the Wireless communications provider’s stock after buying an additional 98 shares during the period. T-Mobile US accounts for 1.1% of Tower Bridge Advisors’ investment portfolio, making the stock its 28th biggest position. Tower Bridge Advisors’ holdings in T-Mobile US were worth $10,460,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TMUS. WASHINGTON TRUST Co increased its stake in T-Mobile US by 143.1% in the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Y.D. More Investments Ltd purchased a new position in shares of T-Mobile US during the 2nd quarter valued at about $27,000. Finally, MFA Wealth Advisors LLC lifted its position in T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now directly owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nestor Cano sold 11,100 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $230.75, for a total value of $2,561,325.00. Following the completion of the transaction, the executive vice president now directly owns 4,400 shares of the company’s stock, valued at $1,015,300. This represents a 71.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 464,924 shares of company stock valued at $97,427,925. Insiders own 0.67% of the company’s stock.

T-Mobile US Trading Down 0.9 %

NASDAQ TMUS opened at $235.61 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $273.42 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.20 and a beta of 0.50. T-Mobile US, Inc. has a 52-week low of $147.07 and a 52-week high of $242.43. The firm has a 50-day moving average price of $215.88 and a 200 day moving average price of $192.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period last year, the business posted $1.82 EPS. T-Mobile US’s quarterly revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 annualized dividend and a yield of 1.49%. T-Mobile US’s dividend payout ratio is 29.65%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TMUS shares. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Oppenheimer raised their price target on T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Benchmark increased their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Tigress Financial lifted their target price on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $241.83.

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.