W.H. Cornerstone Investments Inc. Buys 260 Shares of T-Mobile US, Inc. $TMUS

W.H. Cornerstone Investments Inc. lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,902 shares of the Wireless communications provider’s stock after acquiring an additional 260 shares during the quarter. W.H. Cornerstone Investments Inc.’s holdings in T-Mobile US were worth $930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in T-Mobile US by 1.7% during the first quarter. Wellington Management Group LLP now owns 12,846,939 shares of the Wireless communications provider’s stock worth $3,426,407,000 after acquiring an additional 214,224 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of T-Mobile US by 14.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,889,126 shares of the Wireless communications provider’s stock worth $1,837,399,000 after acquiring an additional 864,030 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in T-Mobile US by 25.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,172,644 shares of the Wireless communications provider’s stock valued at $1,112,886,000 after buying an additional 844,932 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in T-Mobile US by 4.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,050,797 shares of the Wireless communications provider’s stock worth $1,080,388,000 after acquiring an additional 169,562 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in T-Mobile US by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,295,432 shares of the Wireless communications provider’s stock valued at $878,925,000 after buying an additional 65,394 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, Director Telekom Ag Deutsche sold 1,374 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $220.46, for a total value of $302,912.04. Following the transaction, the director directly owned 582,065,875 shares of the company’s stock, valued at $128,322,242,802.50. This represents a 0.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Srini Gopalan bought 9,800 shares of T-Mobile US stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average cost of $201.82 per share, with a total value of $1,977,836.00. Following the acquisition, the chief executive officer owned 90,258 shares of the company’s stock, valued at $18,215,869.56. The trade was a 12.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,973,541 shares of company stock valued at $471,574,286 over the last quarter. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TMUS. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Wells Fargo & Company upgraded shares of T-Mobile US from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $250.00 to $260.00 in a report on Thursday, October 16th. Williams Trading set a $263.00 target price on T-Mobile US in a research note on Friday, October 24th. Zacks Research downgraded T-Mobile US from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Finally, Wolfe Research dropped their price objective on shares of T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $266.83.

T-Mobile US Price Performance

T-Mobile US stock traded up $3.08 during midday trading on Thursday, reaching $215.76. 633,720 shares of the stock traded hands, compared to its average volume of 4,379,434. The stock’s fifty day moving average is $227.89 and its 200-day moving average is $236.18. T-Mobile US, Inc. has a 12 month low of $199.41 and a 12 month high of $276.49. The stock has a market cap of $241.33 billion, a P/E ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.57. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the company earned $2.61 earnings per share. T-Mobile US’s revenue was up 8.9% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.9%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is currently 39.23%.

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.