Raymond James & Associates Buys 319,683 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Raymond James & Associates boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 42.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,079,930 shares of the Wireless communications provider’s stock after purchasing an additional 319,683 shares during the quarter. Raymond James & Associates owned 0.09% of T-Mobile US worth $176,266,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. OLD National Bancorp IN lifted its holdings in shares of T-Mobile US by 1.9% during the 4th quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock valued at $538,000 after purchasing an additional 62 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in T-Mobile US by 3.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after buying an additional 66 shares in the last quarter. Transatlantique Private Wealth LLC boosted its holdings in shares of T-Mobile US by 0.4% in the third quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock valued at $2,296,000 after buying an additional 68 shares during the period. Hohimer Wealth Management LLC increased its position in shares of T-Mobile US by 0.9% during the third quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock worth $1,054,000 after acquiring an additional 68 shares in the last quarter. Finally, Tranquility Partners LLC raised its holdings in shares of T-Mobile US by 1.9% during the fourth quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock worth $613,000 after acquiring an additional 71 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $161.85, for a total value of $31,546,183.50. Following the completion of the sale, the director now owns 689,930,831 shares of the company’s stock, valued at $111,665,304,997.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction on Monday, January 29th. The shares were sold at an average price of $161.85, for a total transaction of $31,546,183.50. Following the completion of the transaction, the director now owns 689,930,831 shares of the company’s stock, valued at $111,665,304,997.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $163.22, for a total transaction of $489,660.00. Following the sale, the insider now directly owns 125,687 shares in the company, valued at approximately $20,514,632.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,180,319 shares of company stock worth $1,002,629,987. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Morgan Stanley lifted their target price on T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Wells Fargo & Company boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. TD Cowen decreased their target price on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Tigress Financial raised their price objective on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and an average target price of $186.33.

T-Mobile US Price Performance

TMUS traded down $0.09 during trading on Friday, hitting $163.96. 7,969,001 shares of the stock traded hands, compared to its average volume of 3,837,128. The business has a 50 day moving average price of $162.51 and a 200 day moving average price of $157.18. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a market cap of $194.60 billion, a price-to-earnings ratio of 22.31, a PEG ratio of 0.68 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion during the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.45% and a net margin of 11.15%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share. Equities research analysts forecast that T-Mobile US, Inc. will post 8.97 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is currently 35.37%.

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.