Bartlett & CO. Wealth Management LLC Has $12.93 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Bartlett & CO. Wealth Management LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 2,939.4% in the 4th quarter, HoldingsChannel reports. The fund owned 58,569 shares of the Wireless communications provider’s stock after purchasing an additional 56,642 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in T-Mobile US were worth $12,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in T-Mobile US by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 77,358 shares of the Wireless communications provider’s stock worth $13,630,000 after purchasing an additional 775 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of T-Mobile US by 23.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,290 shares of the Wireless communications provider’s stock valued at $235,000 after acquiring an additional 246 shares in the last quarter. Bwcp LP raised its position in T-Mobile US by 16.5% in the second quarter. Bwcp LP now owns 86,633 shares of the Wireless communications provider’s stock worth $15,263,000 after purchasing an additional 12,278 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its stake in T-Mobile US by 27.0% during the second quarter. Zurich Insurance Group Ltd FI now owns 338,677 shares of the Wireless communications provider’s stock worth $59,668,000 after purchasing an additional 72,000 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in T-Mobile US by 39.1% during the second quarter. Toronto Dominion Bank now owns 288,548 shares of the Wireless communications provider’s stock valued at $50,836,000 after purchasing an additional 81,164 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 0.6 %

Shares of NASDAQ TMUS opened at $218.18 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $253.20 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.56. The firm’s 50-day moving average is $228.16 and its 200-day moving average is $211.26. 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 issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating 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 company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts expect that T-Mobile US, Inc. will post 9.3 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s dividend payout ratio (DPR) is currently 40.14%.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andre Almeida acquired 3,808 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now owns 3,808 shares in the company, valued at $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 164,200 shares of company stock worth $37,407,303. 0.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. UBS Group boosted their price target on T-Mobile US from $210.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Benchmark boosted their target price on shares of T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada downgraded shares of T-Mobile US from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $255.00 to $240.00 in a report on Monday, January 6th. Raymond James cut shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, October 25th. Finally, Scotiabank lifted their target price on shares of T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.