2,342 Shares in T-Mobile US, Inc. (NASDAQ:TMUS) Purchased by Fiera Capital Corp

Fiera Capital Corp purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,342 shares of the Wireless communications provider’s stock, valued at approximately $483,000.

Other institutional investors have also recently made changes to their positions in the company. Summit Global Investments bought a new position in shares of T-Mobile US in the third quarter valued at $1,577,000. Keudell Morrison Wealth Management lifted its stake in T-Mobile US by 10.6% in the third quarter. Keudell Morrison Wealth Management now owns 1,418 shares of the Wireless communications provider’s stock valued at $293,000 after acquiring an additional 136 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its position in shares of T-Mobile US by 30.9% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 2,404 shares of the Wireless communications provider’s stock valued at $496,000 after acquiring an additional 567 shares during the period. Montecito Bank & Trust increased its stake in shares of T-Mobile US by 23.3% during the 3rd quarter. Montecito Bank & Trust now owns 3,413 shares of the Wireless communications provider’s stock worth $704,000 after purchasing an additional 646 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of T-Mobile US by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider’s stock valued at $408,297,000 after purchasing an additional 47,350 shares during the period. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $235.31 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. T-Mobile US, Inc. has a fifty-two week low of $145.77 and a fifty-two week high of $236.74. The company has a market cap of $273.07 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.20 and a beta of 0.50. The stock has a fifty day moving average price of $211.81 and a 200-day moving average price of $190.04.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 earnings per share. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 9.36 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s dividend payout ratio (DPR) is 29.65%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $233.55, for a total value of $4,671,000.00. Following the sale, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Peter Osvaldik sold 20,000 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $233.55, for a total value of $4,671,000.00. Following the completion of the transaction, the chief financial officer now owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares in the company, valued at $357,627,872. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 433,824 shares of company stock worth $90,112,000 over the last three months. Corporate insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on T-Mobile US from $220.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their target price on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Tigress Financial increased their price target on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Finally, Raymond James downgraded shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $241.83.

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.