T-Mobile US, Inc. $TMUS Shares Purchased by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,614 shares of the Wireless communications provider’s stock after acquiring an additional 579 shares during the quarter. Richards Merrill & Peterson Inc.’s holdings in T-Mobile US were worth $1,338,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in T-Mobile US by 10.2% in the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock valued at $3,054,000 after buying an additional 1,059 shares in the last quarter. Spire Wealth Management grew its position in shares of T-Mobile US by 226.0% during the 1st quarter. Spire Wealth Management now owns 5,712 shares of the Wireless communications provider’s stock valued at $1,523,000 after acquiring an additional 3,960 shares during the period. Golden State Wealth Management LLC grew its position in shares of T-Mobile US by 1,255.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,779 shares of the Wireless communications provider’s stock valued at $741,000 after acquiring an additional 2,574 shares during the period. Perigon Wealth Management LLC increased its stake in shares of T-Mobile US by 7.0% in the 1st quarter. Perigon Wealth Management LLC now owns 3,892 shares of the Wireless communications provider’s stock valued at $1,038,000 after purchasing an additional 256 shares in the last quarter. Finally, Pure Financial Advisors LLC acquired a new position in T-Mobile US in the 1st quarter worth about $358,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TMUS shares. Wolfe Research dropped their price objective 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. Redburn Atlantic raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price target for the company in a report on Monday, July 7th. Bank of America began coverage on shares of T-Mobile US in a report on Monday, July 7th. They set a “neutral” rating and a $255.00 price objective on the stock. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research note on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $268.22.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $226.17, for a total transaction of $14,571,228.42. Following the sale, the director owned 582,220,759 shares of the company’s stock, valued at approximately $131,680,869,063.03. The trade was a 0.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 2,389,677 shares of company stock worth $575,795,321. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $217.77 on Friday. The company has a market cap of $245.08 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.51 and a beta of 0.59. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The company’s 50-day moving average price is $239.30 and its 200-day moving average price is $240.66. The company has a current ratio of 0.89, a quick ratio of 1.13 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the firm earned $2.61 EPS. T-Mobile US’s quarterly revenue was up 8.9% on a year-over-year basis. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 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.