T-Mobile US, Inc. $TMUS Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.4% in the second quarter, Holdings Channel reports. The fund owned 14,100 shares of the Wireless communications provider’s stock after buying an additional 854 shares during the period. Westover Capital Advisors LLC’s holdings in T-Mobile US were worth $3,359,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TMUS. Activest Wealth Management grew its stake in shares of T-Mobile US by 9,400.0% during the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares in the last quarter. Stone House Investment Management LLC acquired a new position in shares of T-Mobile US during the 1st quarter worth about $29,000. TCTC Holdings LLC increased its holdings in shares of T-Mobile US by 208.1% in the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock valued at $30,000 after acquiring an additional 77 shares during the last quarter. Missouri Trust & Investment Co raised its position in shares of T-Mobile US by 807.7% during the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 105 shares in the last quarter. Finally, Aspect Partners LLC lifted its stake in T-Mobile US by 112.1% during the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 65 shares during the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Morgan Stanley dropped their price target on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. Hsbc Global Res upgraded shares of T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Barclays decreased their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Finally, TD Cowen reduced their price objective on T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.83.

Insider Buying and Selling

In related news, CEO Srini Gopalan purchased 9,800 shares of the stock in a transaction dated Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the purchase, the chief executive officer directly owned 90,258 shares in the company, valued at $18,215,869.56. This trade represents a 12.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Telekom Ag Deutsche sold 1,374 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the transaction, the director owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,878,701 shares of company stock worth $447,354,610. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Down 0.1%

Shares of T-Mobile US stock opened at $215.84 on Tuesday. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The company has a market cap of $241.42 billion, a P/E ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. The firm has a fifty day moving average of $225.86 and a two-hundred day moving average of $235.55.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion for 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 was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.61 earnings per share. On average, analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm 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 $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is 39.23%.

T-Mobile US Company 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.