T-Mobile US, Inc. $TMUS Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 44.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,751 shares of the Wireless communications provider’s stock after buying an additional 58,233 shares during the period. Corient Private Wealth LLC’s holdings in T-Mobile US were worth $44,972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of T-Mobile US by 14.2% in the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock valued at $1,556,000 after buying an additional 810 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new stake in shares of T-Mobile US during the 2nd quarter worth $284,000. Berkshire Bank grew its holdings in shares of T-Mobile US by 12.5% in the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock worth $3,000,000 after acquiring an additional 1,400 shares during the last quarter. Associated Banc Corp raised its position in shares of T-Mobile US by 50.6% during the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after purchasing an additional 8,700 shares during the period. Finally, OMERS ADMINISTRATION Corp raised its position in shares of T-Mobile US by 930.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock worth $46,524,000 after purchasing an additional 176,319 shares during the period. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Performance

TMUS stock opened at $198.00 on Wednesday. The firm has a 50 day simple moving average of $212.57 and a 200 day simple moving average of $229.93. T-Mobile US, Inc. has a 52 week low of $194.01 and a 52 week high of $276.49. The stock has a market cap of $221.46 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.26 and a beta of 0.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the business earned $2.61 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Friday, February 27th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s dividend payout ratio (DPR) is currently 39.23%.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of T-Mobile US in a research report on Monday. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Barclays decreased their target price on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a report on Friday, October 24th. Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Friday, October 24th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

Insider Activity

In other T-Mobile US news, Director Letitia A. Long sold 1,457 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $210.32, for a total value of $306,436.24. Following the transaction, the director owned 5,438 shares in the company, valued at $1,143,720.16. The trade was a 21.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $216.97, for a total value of $4,881,825.00. Following the sale, the director directly owned 308,696 shares of the company’s stock, valued at $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,108,294 shares of company stock valued at $254,172,029. 0.37% of the stock is currently owned by company insiders.

T-Mobile US 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.