Balboa Wealth Partners Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Balboa Wealth Partners bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,189 shares of the Wireless communications provider’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC raised its position in shares of T-Mobile US by 5.5% in the 1st quarter. Kingsview Wealth Management LLC now owns 4,454 shares of the Wireless communications provider’s stock valued at $727,000 after purchasing an additional 234 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in T-Mobile US by 1.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 21,079 shares of the Wireless communications provider’s stock valued at $3,441,000 after purchasing an additional 334 shares in the last quarter. Tocqueville Asset Management L.P. raised its holdings in shares of T-Mobile US by 24.9% in the first quarter. Tocqueville Asset Management L.P. now owns 1,692 shares of the Wireless communications provider’s stock worth $276,000 after buying an additional 337 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock worth $7,351,811,000 after buying an additional 1,667,778 shares during the period. Finally, Edgestream Partners L.P. increased its position in shares of T-Mobile US by 213.2% in the 1st quarter. Edgestream Partners L.P. now owns 19,151 shares of the Wireless communications provider’s stock valued at $3,126,000 after acquiring an additional 13,037 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. The Goldman Sachs Group lifted their price target on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BNP Paribas raised T-Mobile US to a “strong-buy” rating in a report on Friday, October 25th. Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Barclays lifted their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada increased their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Activity

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $237.73, for a total transaction of $4,754,600.00. Following the transaction, the chief executive officer now directly owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 9,586 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now directly owns 1,940,792 shares of the company’s stock, valued at approximately $382,258,392.32. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock worth $97,427,925 over the last three months. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Down 0.9 %

T-Mobile US stock opened at $235.61 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The stock has a market capitalization of $273.42 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.23 and a beta of 0.50. The business has a 50 day simple moving average of $215.03 and a 200-day simple moving average of $191.94. T-Mobile US, Inc. has a 12 month low of $147.07 and a 12 month high of $242.43.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data 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 business had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 29.65%.

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.