Clearstead Trust LLC Buys New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Clearstead Trust LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,544 shares of the Wireless communications provider’s stock, valued at approximately $568,000.

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

T-Mobile US Stock Down 0.2 %

Shares of NASDAQ TMUS traded down $0.31 during midday trading on Friday, reaching $164.60. 4,274,939 shares of the company’s stock were exchanged, compared to its average volume of 4,389,829. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.86 and a current ratio of 0.94. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64. The business’s fifty day moving average price is $162.69 and its two-hundred day moving average price is $157.76. The stock has a market capitalization of $192.89 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48.

T-Mobile US (NASDAQ:TMUS) last posted 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 company had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. T-Mobile US’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. Analysts forecast that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is 35.37%.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the sale, the director now directly owns 677,158,691 shares in the company, valued at $111,480,635,299.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $164.63, for a total transaction of $31,225,372.10. Following the sale, the director now directly owns 677,158,691 shares in the company, valued at approximately $111,480,635,299.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Wolfe Nelson sold 13,872 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $160.27, for a total value of $2,223,265.44. Following the sale, the executive vice president now directly owns 107,328 shares in the company, valued at approximately $17,201,458.56. The disclosure for this sale can be found here. Insiders have sold a total of 6,359,509 shares of company stock worth $1,033,407,661 in the last three months. 0.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on TMUS. TD Cowen decreased their price target on T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Morgan Stanley lifted their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Wells Fargo & Company lifted their target price on T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Citigroup upped their price target on T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Finally, Raymond James lifted their price objective on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $186.33.

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.