Trueblood Wealth Management LLC Acquires 496 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Trueblood Wealth Management LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 16.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,429 shares of the Wireless communications provider’s stock after acquiring an additional 496 shares during the quarter. Trueblood Wealth Management LLC’s holdings in T-Mobile US were worth $757,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of T-Mobile US by 20.6% during the 4th quarter. Grove Bank & Trust now owns 914 shares of the Wireless communications provider’s stock worth $202,000 after acquiring an additional 156 shares in the last quarter. Ballast Inc. increased its position in shares of T-Mobile US by 17.9% during the fourth quarter. Ballast Inc. now owns 4,795 shares of the Wireless communications provider’s stock worth $1,058,000 after purchasing an additional 727 shares in the last quarter. My Legacy Advisors LLC lifted its holdings in shares of T-Mobile US by 0.7% during the 4th quarter. My Legacy Advisors LLC now owns 7,879 shares of the Wireless communications provider’s stock valued at $1,688,000 after purchasing an additional 55 shares during the last quarter. Perkins Coie Trust Co boosted its position in shares of T-Mobile US by 526.5% in the 4th quarter. Perkins Coie Trust Co now owns 307 shares of the Wireless communications provider’s stock worth $68,000 after purchasing an additional 258 shares in the last quarter. Finally, Stillwater Capital Advisors LLC grew its stake in T-Mobile US by 0.9% during the 4th quarter. Stillwater Capital Advisors LLC now owns 95,248 shares of the Wireless communications provider’s stock worth $21,024,000 after buying an additional 880 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $224.30, for a total value of $24,673,000.00. Following the completion of the transaction, the director now owns 1,441,204 shares in the company, valued at approximately $323,262,057.20. This trade represents a 7.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 164,200 shares of company stock valued at $37,407,303 in the last three months. 0.67% of the stock is currently owned by company insiders.

T-Mobile US Stock Performance

TMUS opened at $218.97 on Monday. The stock has a market cap of $254.11 billion, a P/E ratio of 24.97, a P/E/G ratio of 1.05 and a beta of 0.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The firm has a fifty day moving average price of $228.93 and a 200 day moving average price of $210.47. T-Mobile US, Inc. has a 1 year low of $158.84 and a 1 year high of $248.15.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. During the same period in the prior year, the company posted $1.82 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.31 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Analyst Ratings Changes

A number of research firms have commented on TMUS. BNP Paribas upgraded T-Mobile US to a “strong-buy” rating in a research note on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Oppenheimer boosted their target price on shares of T-Mobile US from $215.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Morgan Stanley began coverage on shares of T-Mobile US in a report on Monday, December 16th. They issued an “overweight” rating and a $280.00 price target for the company. Finally, Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.74.

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.