T-Mobile US, Inc. $TMUS Shares Purchased by Vest Financial LLC

Vest Financial LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 57.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 11,870 shares of the Wireless communications provider’s stock after acquiring an additional 4,332 shares during the period. Vest Financial LLC’s holdings in T-Mobile US were worth $2,841,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TMUS. Vanguard Group Inc. lifted its holdings in shares of T-Mobile US by 0.5% during the second quarter. Vanguard Group Inc. now owns 42,160,882 shares of the Wireless communications provider’s stock valued at $10,045,252,000 after purchasing an additional 215,711 shares during the last quarter. State Street Corp raised its holdings in T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after buying an additional 994,740 shares during the period. Franklin Resources Inc. lifted its stake in T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock valued at $1,500,784,000 after buying an additional 309,922 shares in the last quarter. Norges Bank acquired a new position in shares of T-Mobile US in the second quarter worth about $1,477,780,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of T-Mobile US by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,331,856 shares of the Wireless communications provider’s stock worth $793,848,000 after acquiring an additional 36,424 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $185.39 on Friday. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $276.49. The stock’s 50-day moving average is $200.66 and its two-hundred day moving average is $222.85. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. The firm has a market cap of $207.36 billion, a P/E ratio of 17.83, a PEG ratio of 1.01 and a beta of 0.45.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 EPS for the quarter, beating the consensus estimate 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 business had revenue of $21.96 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business posted $2.61 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a $1.02 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.2%. T-Mobile US’s payout ratio is 39.23%.

Insider Buying and Selling

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the stock in a transaction on Friday, December 5th. The shares were sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael J. Katz sold 2,500 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $215.91, for a total value of $539,775.00. Following the completion of the sale, the insider directly owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This represents a 1.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 170,764 shares of company stock valued at $37,483,463. 0.37% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TMUS. Morgan Stanley reduced their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Williams Trading set a $263.00 target price on T-Mobile US in a report on Friday, October 24th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Tuesday, October 28th. Argus dropped their price target on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Finally, Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.76.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.