6,033 Shares in T-Mobile US, Inc. $TMUS Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. bought a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,033 shares of the Wireless communications provider’s stock, valued at approximately $1,437,000.

Several other hedge funds have also modified their holdings of TMUS. NorthCrest Asset Manangement LLC purchased a new stake in T-Mobile US during the second quarter valued at about $284,000. Crestwood Advisors Group LLC raised its holdings in shares of T-Mobile US by 79.5% during the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider’s stock valued at $436,000 after acquiring an additional 724 shares during the period. Berkshire Bank raised its holdings in shares of T-Mobile US by 12.5% during the second quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after acquiring an additional 1,400 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of T-Mobile US by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,071,046 shares of the Wireless communications provider’s stock valued at $255,187,000 after acquiring an additional 8,227 shares in the last quarter. Finally, PKO Investment Management Joint Stock Co purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $11,913,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

T-Mobile US Trading Up 3.0%

NASDAQ TMUS opened at $207.00 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37. T-Mobile US, Inc. has a 1-year low of $199.41 and a 1-year high of $276.49. The firm’s fifty day simple moving average is $230.49 and its 200-day simple moving average is $236.89. The company has a market capitalization of $231.53 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The firm had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the firm earned $2.61 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share 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 11th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is presently 39.23%.

Analysts Set New Price Targets

Several equities analysts have weighed in on TMUS shares. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Wolfe Research lowered their price target on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Finally, Moffett Nathanson increased their price objective on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $266.63.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 2,043,381 shares of company stock valued at $489,095,047. Insiders own 0.37% of the company’s stock.

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.