Cerity Partners LLC Buys 36,374 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cerity Partners LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 136.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,967 shares of the Wireless communications provider’s stock after buying an additional 36,374 shares during the quarter. Cerity Partners LLC’s holdings in T-Mobile US were worth $10,096,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bay Harbor Wealth Management LLC bought a new position in T-Mobile US during the fourth quarter valued at about $34,000. Aaron Wealth Advisors LLC purchased a new stake in T-Mobile US during the fourth quarter valued at about $251,000. Plimoth Trust Co. LLC purchased a new stake in T-Mobile US during the fourth quarter valued at about $739,000. Sequoia Financial Advisors LLC lifted its holdings in T-Mobile US by 82.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,891 shares of the Wireless communications provider’s stock valued at $2,388,000 after purchasing an additional 6,724 shares during the last quarter. Finally, Tobam purchased a new stake in T-Mobile US during the fourth quarter valued at about $371,000. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.4 %

Shares of TMUS opened at $160.05 on Monday. The firm’s 50 day simple moving average is $162.38 and its 200 day simple moving average is $155.60. The company has a market capitalization of $189.96 billion, a P/E ratio of 23.10, a P/E/G ratio of 0.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. T-Mobile US, Inc. has a 1-year low of $124.92 and a 1-year high of $168.64.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The company had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $19.67 billion. During the same period in the prior year, the business earned $1.18 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Friday, May 31st. T-Mobile US’s payout ratio is currently 37.52%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $162.47, for a total transaction of $31,667,027.70. Following the transaction, the director now directly owns 691,685,021 shares in the company, valued at $112,378,065,361.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $162.47, for a total value of $31,667,027.70. Following the transaction, the director now owns 691,685,021 shares in the company, valued at $112,378,065,361.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the transaction, the insider now owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold 5,884,080 shares of company stock worth $956,514,564 over the last ninety days. Insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TMUS. Royal Bank of Canada reaffirmed an “outperform” rating and set a $184.00 price objective on shares of T-Mobile US in a report on Wednesday, March 20th. Wells Fargo & Company upped their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Citigroup upped their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Raymond James increased their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, January 26th. Finally, Morgan Stanley increased their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. One research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $185.93.

About T-Mobile US

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.