Ballentine Partners LLC Purchases 490 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Ballentine Partners LLC boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,492 shares of the Wireless communications provider’s stock after acquiring an additional 490 shares during the period. Ballentine Partners LLC’s holdings in T-Mobile US were worth $1,546,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TMUS. WASHINGTON TRUST Co lifted its holdings in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC raised its holdings in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of T-Mobile US in the second quarter valued at $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US during the second quarter valued at about $27,000. Finally, Westside Investment Management Inc. grew its holdings in shares of T-Mobile US by 75.8% during the first quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Trading Down 3.1 %

NASDAQ:TMUS opened at $226.36 on Friday. T-Mobile US, Inc. has a 12 month low of $138.42 and a 12 month high of $234.56. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The firm’s 50 day moving average is $205.53 and its 200 day moving average is $184.78. The stock has a market capitalization of $264.11 billion, a PE ratio of 28.37, a price-to-earnings-growth ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analyst estimates of $20.01 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. Sell-side analysts expect that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 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 1.56%. T-Mobile US’s dividend payout ratio is 32.58%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TMUS. The Goldman Sachs Group raised their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com upgraded T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Bank of America upped their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Barclays raised their price objective on T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Sanford C. Bernstein upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $240.17.

Insiders Place Their Bets

In related news, 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 transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Jon Freier sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now directly owns 162,628 shares in the company, 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 SEC, which can be accessed through this hyperlink. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total value of $615,900.00. Following the completion of the transaction, the insider now owns 119,687 shares of the company’s stock, valued at approximately $24,571,741.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 349,261 shares of company stock worth $69,411,130 over the last quarter. 0.67% of the stock is currently owned by company insiders.

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.