Perigon Wealth Management LLC Boosts Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Perigon Wealth Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 12.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,985 shares of the Wireless communications provider’s stock after buying an additional 216 shares during the period. Perigon Wealth Management LLC’s holdings in T-Mobile US were worth $318,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in T-Mobile US in the 4th quarter worth $2,801,442,000. Morgan Stanley raised its position in T-Mobile US by 0.9% in the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock worth $1,576,332,000 after purchasing an additional 104,490 shares during the period. Royal Bank of Canada raised its position in T-Mobile US by 7.1% in the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock worth $1,471,269,000 after purchasing an additional 693,443 shares during the period. Invesco Ltd. grew its holdings in T-Mobile US by 0.6% in the 3rd quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock worth $1,074,920,000 after acquiring an additional 45,196 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in T-Mobile US by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,725,113 shares of the Wireless communications provider’s stock worth $902,309,000 after acquiring an additional 47,956 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.0 %

NASDAQ:TMUS opened at $159.79 on Wednesday. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.83. The company’s 50-day simple moving average is $162.32 and its 200 day simple moving average is $155.88. The firm has a market capitalization of $189.65 billion, a P/E ratio of 23.06, a PEG ratio of 0.65 and a beta of 0.49.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The business had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. During the same period in the previous year, the firm earned $1.18 EPS. The company’s revenue was up 1.0% on a year-over-year basis. As a group, analysts forecast that T-Mobile US, Inc. will post 8.95 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is currently 37.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $184.00 price target on shares of T-Mobile US in a report on Wednesday, March 20th. KeyCorp cut their price target on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Wells Fargo & Company raised their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Citigroup raised their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Finally, Tigress Financial raised their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $185.93.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $164.85, for a total value of $32,130,913.50. Following the completion of the transaction, the director now directly owns 690,905,381 shares of the company’s stock, valued at $113,895,752,057.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $164.85, for a total value of $32,130,913.50. Following the completion of the transaction, the director now directly owns 690,905,381 shares of the company’s stock, valued at $113,895,752,057.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Wolfe Nelson sold 13,872 shares of T-Mobile US stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $160.27, for a total transaction of $2,223,265.44. Following the completion of the transaction, the executive vice president now directly owns 107,328 shares of the company’s stock, valued at $17,201,458.56. The disclosure for this sale can be found here. Insiders have sold 5,689,170 shares of company stock valued at $924,847,536 over the last quarter. Corporate insiders own 0.70% of the company’s stock.

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.