T-Mobile US, Inc. $TMUS Shares Purchased by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,902 shares of the Wireless communications provider’s stock after acquiring an additional 260 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in T-Mobile US were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TMUS. Journey Strategic Wealth LLC boosted its holdings in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 41 shares during the last quarter. Angeles Wealth Management LLC increased its holdings in shares of T-Mobile US by 1.2% in the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after acquiring an additional 41 shares during the last quarter. Weaver Capital Management LLC lifted its position in T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after acquiring an additional 42 shares during the last quarter. Haven Private LLC grew its position in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock worth $759,000 after acquiring an additional 42 shares during the last quarter. Finally, Bank of Stockton lifted its position in T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.5%

NASDAQ:TMUS traded up $3.08 during mid-day trading on Thursday, hitting $215.76. 633,720 shares of the company’s stock were exchanged, compared to its average volume of 4,379,434. The business has a fifty day moving average price of $227.89 and a 200 day moving average price of $236.18. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The company has a market cap of $241.33 billion, a PE ratio of 20.75, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The firm had revenue of $21.96 billion during the quarter, compared to analyst estimates of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.61 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Analyst Ratings Changes

TMUS has been the subject of several analyst reports. Moffett Nathanson boosted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Cowen reissued a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Daiwa Capital Markets lowered their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. Hsbc Global Res raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Finally, The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $266.83.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the transaction, the director owned 582,065,875 shares in the company, valued at approximately $128,322,242,802.50. This represents a 0.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Srini Gopalan purchased 9,800 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were purchased at an average price of $201.82 per share, with a total value of $1,977,836.00. Following the completion of the transaction, the chief executive officer directly owned 90,258 shares of the company’s stock, valued at $18,215,869.56. This represents a 12.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 1,973,541 shares of company stock valued at $471,574,286. 0.37% 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.