Hohimer Wealth Management LLC Acquires 9,947 Shares of T-Mobile US, Inc. $TMUS

Hohimer Wealth Management LLC boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 44.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,095 shares of the Wireless communications provider’s stock after acquiring an additional 9,947 shares during the quarter. Hohimer Wealth Management LLC’s holdings in T-Mobile US were worth $5,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of T-Mobile US during the 2nd quarter valued at about $6,625,275,000. Bank of New York Mellon Corp purchased a new position in shares of T-Mobile US during the second quarter worth about $839,194,000. Bank of America Corp DE purchased a new position in shares of T-Mobile US during the second quarter worth about $758,977,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T-Mobile US by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,076,380 shares of the Wireless communications provider’s stock worth $683,731,000 after purchasing an additional 43,783 shares during the last quarter. Finally, Amundi increased its position in shares of T-Mobile US by 2.6% in the second quarter. Amundi now owns 3,775,445 shares of the Wireless communications provider’s stock worth $633,255,000 after purchasing an additional 95,650 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. Benchmark lowered their target price on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Scotiabank lifted their target price on shares of T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 29th. Moffett Nathanson boosted their price target on shares of T-Mobile US from $242.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Barclays decreased their price target on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Finally, KeyCorp decreased their price target on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $238.25.

Insider Buying and Selling at T-Mobile US

In related news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares in the company, valued at $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.32% of the company’s stock.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile launched T-Mix customizable wireless plans and 5 Gig fiber service, with a 10-year price guarantee on the fiber offer. The products could help attract and retain customers and encourage bundled services, but their contribution to results remains to be seen. Article: T Mobile US Launches T Mix And 5 Gig Fiber
• Neutral Sentiment: Zacks highlighted TMUS as a value stock, while other coverage described it as a long-term growth stock. These are investment-style assessments rather than new company or earnings developments. Article: Here’s Why T-Mobile Is a Strong Value Stock
• Negative Sentiment: ETFs were net sellers of T-Mobile shares on Nov. 3, selling $24.5 million overall. The report noted that 32 funds bought shares and nine sold, so the flow data offers a limited signal rather than clear broad-based selling pressure. Article: ETFs Are Net Sellers of T-Mobile

T-Mobile US Stock Performance

NASDAQ TMUS opened at $162.01 on Monday. The stock’s 50-day simple moving average is $164.96 and its two-hundred day simple moving average is $186.19. T-Mobile US, Inc. has a twelve month low of $143.75 and a twelve month high of $224.75. The company has a quick ratio of 0.78, a current ratio of 0.91 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $171.61 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.94 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a return on equity of 21.47% and a net margin of 12.05%. The firm had revenue of $23.58 billion during the quarter, compared to analysts’ expectations of $23.15 billion. During the same period in the prior year, the business earned $2.41 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts forecast that T-Mobile US, Inc. will post 11.44 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 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $4.68 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from T-Mobile US’s previous quarterly dividend of $1.02. T-Mobile US’s payout ratio is 39.38%.

About T-Mobile US

T-Mobile US, Inc is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network.

The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers.

T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.