Graypoint LLC Has $578,000 Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Graypoint LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,800 shares of the Wireless communications provider’s stock after purchasing an additional 201 shares during the period. Graypoint LLC’s holdings in T-Mobile US were worth $578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of T-Mobile US by 26.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 20,438 shares of the Wireless communications provider’s stock worth $3,336,000 after buying an additional 4,253 shares in the last quarter. LSV Asset Management grew its position in T-Mobile US by 40.2% in the first quarter. LSV Asset Management now owns 99,550 shares of the Wireless communications provider’s stock valued at $16,249,000 after acquiring an additional 28,550 shares during the last quarter. Quantbot Technologies LP acquired a new position in T-Mobile US during the first quarter worth about $811,000. Empowered Funds LLC lifted its holdings in shares of T-Mobile US by 20.6% in the first quarter. Empowered Funds LLC now owns 9,352 shares of the Wireless communications provider’s stock worth $1,526,000 after acquiring an additional 1,596 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of T-Mobile US by 14.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,179 shares of the Wireless communications provider’s stock valued at $3,130,000 after purchasing an additional 2,400 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TMUS. Tigress Financial upped their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Scotiabank increased their price target on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research note on Thursday, October 24th. KeyCorp raised their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Oppenheimer increased their target price on T-Mobile US from $215.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Three investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $241.83.

T-Mobile US Trading Up 1.7 %

NASDAQ:TMUS opened at $235.31 on Friday. T-Mobile US, Inc. has a 52 week low of $145.77 and a 52 week high of $236.74. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm’s fifty day moving average is $211.81 and its 200-day moving average is $189.86. The firm has a market cap of $273.07 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.19 and a beta of 0.50.

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

T-Mobile US Increases Dividend

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

Insiders Place Their Bets

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares in the company, valued at approximately $81,354,386.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $205.30, for a total transaction of $615,900.00. Following the completion of the sale, the insider now owns 119,687 shares of the company’s stock, valued at $24,571,741.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 453,824 shares of company stock worth $94,003,400. 0.67% of the stock is owned by corporate insiders.

About T-Mobile US

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.