Wedbush Securities Inc. Buys 940 Shares of T-Mobile US, Inc. $TMUS

Wedbush Securities Inc. boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,319 shares of the Wireless communications provider’s stock after purchasing an additional 940 shares during the period. Wedbush Securities Inc.’s holdings in T-Mobile US were worth $1,744,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC increased its holdings in shares of T-Mobile US by 2.3% during the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after buying an additional 41 shares in the last quarter. Journey Strategic Wealth LLC grew its position in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after acquiring an additional 41 shares during the last quarter. Angeles Wealth Management LLC raised its position in T-Mobile US by 1.2% in the first quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock valued at $888,000 after purchasing an additional 41 shares during the last quarter. Weaver Capital Management LLC raised its position in T-Mobile US by 0.6% in the second quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after purchasing an additional 42 shares during the last quarter. Finally, Haven Private LLC boosted its stake in shares of T-Mobile US by 1.3% during the second quarter. Haven Private LLC now owns 3,186 shares of the Wireless communications provider’s stock valued at $759,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total transaction of $17,520,760.80. Following the sale, the director owned 636,271,724 shares in the company, valued at $159,621,487,399.88. This represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 2,113,221 shares of company stock valued at $506,386,034. 0.37% of the stock is owned by insiders.

T-Mobile US Trading Up 3.0%

NASDAQ:TMUS opened at $207.00 on Friday. The firm’s fifty day moving average is $230.49 and its 200-day moving average is $237.05. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 52 week low of $199.41 and a 52 week high of $276.49. The firm has a market cap of $231.53 billion, a P/E ratio of 19.90, a P/E/G ratio of 1.51 and a beta of 0.57.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. The business had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.61 earnings per share. Equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. T-Mobile US’s dividend payout ratio is 39.23%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, September 30th. Rothschild Redb upgraded shares of T-Mobile US to a “hold” rating in a research report on Tuesday, September 30th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Finally, BNP Paribas Exane increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

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.