T-Mobile US, Inc. (NASDAQ:TMUS) Stake Raised by Westover Capital Advisors LLC

Westover Capital Advisors LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 14,857 shares of the Wireless communications provider’s stock after purchasing an additional 416 shares during the quarter. Westover Capital Advisors LLC’s holdings in T-Mobile US were worth $2,382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Morgan Stanley raised its holdings in T-Mobile US by 0.9% during the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after buying an additional 104,490 shares during the period. Royal Bank of Canada raised its holdings in T-Mobile US by 7.1% during the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after buying an additional 693,443 shares during the period. Invesco Ltd. increased its holdings in shares of T-Mobile US by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after purchasing an additional 45,196 shares during the period. California Public Employees Retirement System increased its holdings in shares of T-Mobile US by 10.1% in the 4th quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider’s stock valued at $554,096,000 after purchasing an additional 316,617 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of T-Mobile US by 243.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after purchasing an additional 2,071,489 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Cowen lowered their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research note on Friday, January 26th. Wells Fargo & Company boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, KeyCorp boosted their price target on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $186.33.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the completion of the transaction, the insider now directly owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $163.22, for a total value of $489,660.00. Following the completion of the transaction, the insider now directly owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,980,169 shares of company stock worth $970,759,660. Insiders own 0.70% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $0.46 during midday trading on Thursday, hitting $165.01. The company had a trading volume of 1,940,394 shares, compared to its average volume of 4,531,348. The business’s 50 day simple moving average is $162.65 and its two-hundred day simple moving average is $157.56. The stock has a market cap of $193.37 billion, a PE ratio of 22.46, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. T-Mobile US’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $1.58 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 9 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.58%. T-Mobile US’s payout ratio is 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.