Trueblood Wealth Management LLC Purchases 281 Shares of T-Mobile US, Inc. $TMUS

Trueblood Wealth Management LLC grew its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,251 shares of the Wireless communications provider’s stock after acquiring an additional 281 shares during the quarter. Trueblood Wealth Management LLC’s holdings in T-Mobile US were worth $1,013,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TMUS. UMB Bank n.a. increased its holdings in shares of T-Mobile US by 1,248.4% during the first quarter. UMB Bank n.a. now owns 24,743 shares of the Wireless communications provider’s stock valued at $6,599,000 after acquiring an additional 22,908 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of T-Mobile US by 6.6% during the first quarter. Wedmont Private Capital now owns 7,186 shares of the Wireless communications provider’s stock valued at $1,859,000 after acquiring an additional 447 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of T-Mobile US during the first quarter valued at about $235,000. OLD National Bancorp IN increased its holdings in shares of T-Mobile US by 4.1% during the first quarter. OLD National Bancorp IN now owns 2,135 shares of the Wireless communications provider’s stock valued at $569,000 after acquiring an additional 84 shares in the last quarter. Finally, Central Bank & Trust Co. increased its holdings in shares of T-Mobile US by 82.3% during the first quarter. Central Bank & Trust Co. now owns 1,677 shares of the Wireless communications provider’s stock valued at $447,000 after acquiring an additional 757 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $230.41, for a total value of $14,844,394.66. Following the sale, the director owned 628,297,455 shares of the company’s stock, valued at approximately $144,766,016,606.55. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 2,579,219 shares of company stock valued at $621,776,150. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Morgan Stanley increased their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of T-Mobile US in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.29.

T-Mobile US Trading Down 2.3%

T-Mobile US stock opened at $224.96 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12 month low of $207.40 and a 12 month high of $276.49. The stock’s 50 day simple moving average is $244.30 and its two-hundred day simple moving average is $243.68. The firm has a market cap of $253.17 billion, a PE ratio of 21.22, a P/E/G ratio of 1.27 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s dividend payout ratio is 38.49%.

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.