Seelaus Asset Management LLC Increases Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Seelaus Asset Management LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,150 shares of the Wireless communications provider’s stock after buying an additional 80 shares during the period. Seelaus Asset Management LLC’s holdings in T-Mobile US were worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TMUS. WASHINGTON TRUST Co grew its position in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 83 shares in the last quarter. DT Investment Partners LLC boosted its stake in T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares during the last quarter. Summit Securities Group LLC acquired a new position in T-Mobile US during the 2nd quarter worth $27,000. Y.D. More Investments Ltd bought a new stake in shares of T-Mobile US in the 2nd quarter worth about $27,000. Finally, MFA Wealth Advisors LLC raised its stake in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Tigress Financial lifted their price target on T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada boosted their price target on T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their target price on shares of T-Mobile US from $209.00 to $239.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Stock Down 0.9 %

NASDAQ:TMUS opened at $235.61 on Friday. The business’s fifty day moving average price is $215.88 and its 200 day moving average price is $192.44. The firm has a market capitalization of $273.42 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.23 and a beta of 0.50. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. T-Mobile US, Inc. has a 1-year low of $147.07 and a 1-year high of $242.43.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Transactions at T-Mobile US

In related news, Director Raul Marcelo Claure sold 111,882 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $197.84, for a total value of $22,134,734.88. Following the completion of the sale, the director now directly owns 1,828,910 shares in the company, valued at approximately $361,831,554.40. This represents a 5.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the transaction, the executive vice president now directly owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 40.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 464,924 shares of company stock valued at $97,427,925 in the last three months. Corporate insiders own 0.67% 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.