Bartlett & CO. Wealth Management LLC Buys 3,127 Shares of T-Mobile US, Inc. $TMUS

Bartlett & CO. Wealth Management LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,068 shares of the Wireless communications provider’s stock after purchasing an additional 3,127 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in T-Mobile US were worth $25,391,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of TMUS. Allworth Financial LP raised its stake in T-Mobile US by 14.2% during 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 during the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of T-Mobile US during the second quarter valued at $284,000. Berkshire Bank raised its position 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 purchasing an additional 1,400 shares during the last quarter. Associated Banc Corp boosted its stake in T-Mobile US by 50.6% in the 2nd 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its position in T-Mobile US by 930.5% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after purchasing an additional 176,319 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Activity

In other T-Mobile US news, Director Telekom Ag Deutsche sold 1,374 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total transaction of $302,912.04. Following the completion of the sale, the director owned 582,065,875 shares of the company’s stock, valued at approximately $128,322,242,802.50. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Letitia A. Long sold 1,457 shares of the firm’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 completion of the transaction, the director directly owned 5,438 shares in the company, valued at $1,143,720.16. This trade represents a 21.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,043,868 shares of company stock worth $238,762,618. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TMUS. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of T-Mobile US in a report on Monday, December 15th. Raymond James Financial upgraded shares of T-Mobile US to a “hold” rating in a report on Wednesday, October 1st. BNP Paribas Exane increased their target price on T-Mobile US from $290.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. TD Cowen decreased their price target on T-Mobile US from $291.00 to $263.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Wolfe Research lowered their price target on T-Mobile US from $290.00 to $253.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.17.

T-Mobile US Trading Down 1.8%

Shares of NASDAQ:TMUS opened at $196.73 on Friday. The stock’s 50-day simple moving average is $210.87 and its two-hundred day simple moving average is $229.19. The stock has a market capitalization of $220.04 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.29 and a beta of 0.44. T-Mobile US, Inc. has a 52-week low of $194.01 and a 52-week high of $276.49. 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 issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.01. The firm had revenue of $21.96 billion for the quarter, compared to analysts’ expectations of $21.61 billion. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.61 EPS. Analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid 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%.

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.