SVB Wealth LLC Buys 967 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

SVB Wealth LLC grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,616 shares of the Wireless communications provider’s stock after purchasing an additional 967 shares during the quarter. SVB Wealth LLC’s holdings in T-Mobile US were worth $900,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BluePath Capital Management LLC bought a new position in T-Mobile US in the 3rd quarter worth $26,000. Valley National Advisers Inc. raised its holdings in T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 123 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in T-Mobile US by 63.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 81 shares in the last quarter. SkyView Investment Advisors LLC bought a new position in T-Mobile US in the 1st quarter worth $31,000. Finally, Bay Harbor Wealth Management LLC bought a new position in T-Mobile US in the 4th quarter worth $34,000. 42.49% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Teresa Taylor sold 12,022 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the sale, the director now directly owns 13,014 shares in the company, valued at approximately $2,105,665.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,006,369 shares of company stock valued at $974,765,696 in the last 90 days. 0.70% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $162.33 on Friday. T-Mobile US, Inc. has a one year low of $124.92 and a one year high of $168.64. The company’s 50-day moving average is $162.28 and its 200 day moving average is $156.10. The company has a market capitalization of $192.66 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 0.65 and a beta of 0.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last announced 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). The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $19.67 billion. T-Mobile US had a net margin of 10.59% and a return on equity of 12.69%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. Sell-side analysts expect that T-Mobile US, Inc. will post 8.95 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is presently 37.52%.

Analyst Upgrades and Downgrades

Several research analysts have commented on TMUS shares. Wells Fargo & Company upped their price objective 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. Raymond James upped their target price on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of T-Mobile US in a research report on Friday, January 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Tigress Financial upped their target price on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Buy” and an average price target 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.