Cerity Partners LLC Acquires 127,376 Shares of T-Mobile US, Inc. $TMUS

Cerity Partners LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 99.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 255,339 shares of the Wireless communications provider’s stock after purchasing an additional 127,376 shares during the quarter. Cerity Partners LLC’s holdings in T-Mobile US were worth $51,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JDM Financial Group LLC increased its holdings in shares of T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Turning Point Benefit Group Inc. raised its position in shares of T-Mobile US by 3,825.0% in the 4th quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 153 shares during the last quarter. United Community Bank raised its position in shares of T-Mobile US by 78.8% in the 4th quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $38,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of T-Mobile US in the 3rd quarter valued at approximately $45,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at T-Mobile US

In other news, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. This trade represents a 2.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Andre Almeida purchased 5,097 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the purchase, the insider directly owned 44,850 shares in the company, valued at $8,798,673. This trade represents a 12.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of several research analyst reports. TD Cowen increased their price objective on shares of T-Mobile US from $252.00 to $261.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Arete Research raised their price target on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Citigroup raised their price target on shares of T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. DZ Bank reissued a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Finally, Scotiabank reduced their price target on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating for the company in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $260.48.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $179.46 on Wednesday. The stock has a market capitalization of $194.21 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.04 and a beta of 0.31. T-Mobile US, Inc. has a 12 month low of $174.02 and a 12 month high of $261.56. The firm’s 50 day simple moving average is $192.36 and its 200-day simple moving average is $200.11. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $23.11 billion for the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $2.58 EPS. Analysts expect that T-Mobile US, Inc. will post 10.65 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Friday, May 29th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.3%. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

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.